Staples Center, the home arena to NBA teams Los Angeles Clippers and Los Angeles Lakers, is set to be renamed Crypto.com Arena.

⠀

On December 25th, the official home of NBA teams Los Angeles Lakers, LA Clippers, and WNBA's Los Angeles Sparks, along with the NHL's LA Kings, will change its logo and in-arena signage.

⠀

A source has revealed that Crypto.com is paying $700m over the next 20 years to rename the arena, which if true, would make it the most expensive naming rights deal in sports history.

⠀

"In the next few years, people will look back at this moment as the moment when crypto crossed the chasm into the mainstream," Crypto.com CEO Kris Marszalek said.

⠀

For more from us at Waivly, join our free fun-to-read and to-the-point newsletter enjoyed by hundreds of people across the internet every day of the week 👇