Washington Redskins name under review

One of their sponsors, FedEx, is pushing the team to change its name.
2:41 | 07/04/20

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Transcript for Washington Redskins name under review
The Washington Redskins aren't just one of the most valuable NFL teams, they're one of the most valuable sports franchises. Last year Forbes estimated they were worth $3.1 billion. But this is FedEx field. The shipping giant is one of the team's biggest sponsors and also one of those voices now pushing for them to change. Going to the end zone and caught for the touchdown. Reporter: This morning the Washington Redskins are grappling with what history to keep and what to let go of. The team saying in light of recent events around our country and feedback from our community, the team will undergo a thorough review of the team's name. That name, something they've had since 1933, viewed by native Americans and others as a slur and the mascot racist. FedEx which owns the naming rights to the team stadium now requesting they change the team name. Nike removed all the team's merchandise from its online store and Pepsi now says we believe it's time for a change. We are pleased to see the steps the team announced today. You've got your three big sponsors all showing resistance to you continuing on with a name that in these times seems very insensitive, then it looks like change must come. Reporter: NFL commissioner Roger Goodell called the review an important step. Dan Snyder has vowed to never change the name in the past arguing it actually honors native Americans despite a long history of opposition through legal battles and protests from native groups. D.c.'s mayor weigh in on a radio show. This is a great franchise with a great history that's beloved in Washington and it deserves a name that reflects the affection that we feel for the team. Reporter: Overnight another storied franchise announced it too will reconsider its name. The Cleveland Indians say they'll engage the community and stakeholders to determine the best path forward for the team's name. Whit. Alex Presha with that important story. We also want to mention, Alex, this is your first live shot on "Gma." Welcome to the team. Thank you so much. It's a dream come true. Alex, this is Dan. So nice to have you. I have to say you have a beautiful voice. Was your prior job doing voice-overs for coming attractions? In a world -- amazing to have you. I've done a couple but it's good to be here. That's what I thought. Great to have you. Really looking forward to working with you going forward. Alex, thank you.

This transcript has been automatically generated and may not be 100% accurate.

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