WACO, Texas -- Baylor University says its new football stadium will be called McLane Stadium in honor of alumnus Drayton McLane Jr. and his family.

McLane, former owner of the Houston Astros, is a 1958 Baylor grad and former regents chairman.

It was announced in March 2012 that McLane's family had given the school the largest capital gift ever -- more than $20 million -- toward the stadium, which will open next season.

The sixth-ranked Bears make their first BCS appearance when they play No. 15 UCF in the Fiesta Bowl on Wednesday night.

The 45,000-seat, $260 million stadium is under construction on a 93-acre site at the intersection of Interstate 35 and the Brazos River. The McLane gift propelled the school to successful fundraising for the stadium.