Staples Center To Be Renamed Crypto.com Arena In $700M Naming Rights Deal

Staples Center will be renamed Crypto.com Arena in a $700 million naming rights deal.

The deal will last for 20 years.

The 20,000-seat arena has been Staples Center since it opened in October 1999, with the naming rights owned by the American office-supplies retail company under a 20-year agreement.

In addition to hosting games by the Los Angeles Lakers, Los Angeles Clippers and Los Angeles Kings, it has hosted 19 Grammy Awards, three NBA All-Star Games as well as memorials for Michael Jackson, Nipsey Hussle and Kobe Bryant.

The Lakers have won six championships since moving to the arena.

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via https://www.DMT.NEWS

, Khareem Sudlow