Staples Center Is Changing Its Name To Crypto.com Arena
Nov 17, 2021, 9:32 AM
An exterior view of Staples Center in downtown Los Angeles on August 29, 2015 in Los Angeles, California. (Photo by FG/Bauer-Griffin/GC Images)
(Photo by FG/Bauer-Griffin/GC Images)
LOS ANGELES (AP) — The Staples Center in downtown Los Angeles will be renamed Crypto.com Arena on Christmas.
The home of the NBA’s Lakers and Clippers, the NHL’s Kings and the WNBA’s Sparks will change its name after 22 years.
A person with knowledge of the naming rights deal tells The Associated Press that Crypto.com is paying $700 million over 20 years to rename the building.
The person spoke on condition of anonymity because the parties aren’t publicly announcing the terms of what’s believed to be the richest naming rights deal in sports history.
Staples Center will become Crypto dot com Arena, in what's believed to be the richest naming rights deal in sports history. https://t.co/2Ov32pA3jg
— SportsCenter (@SportsCenter) November 17, 2021
