The Washington Redskins on Friday announced that the franchise will undergo a "thorough review" of the team's name, a source told ESPN's Adam Schefter.
"In light of recent events around our country and feedback from our community, the Washington Redskins are announcing the team will undergo a thorough review of the team's name," the team said in a statement. "This review formalizes the initial discussions the team has been having with the league in recent weeks."
The decision to seriously reconsider renaming the franchise came after FedEx, which has naming rights to the stadium, requested that the team change its name.
A few hours later, Nike reportedly removed all Washington Redskins gear and merchandise from its website.
Following the Redskins' statement announcing the potential name change, NFL Commissioner Roger Goodell said the league is "supportive of this important step."
Although Redskins owner Dan Snyder has defended the team's name, the intense pressure from major sponsors and the current civil unrest may force Snyder to comply.
"This process allows the team to take into account not only the proud tradition and history of the franchise but also input from our alumni, the organization, sponsors, the National Football League, and the local community it is proud to represent on and off the field," Snyder said in the statement.