Sports

Staples Center to Be Renamed Crypto.Com in 20-year, $700 million Deal

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One of the most iconic venues in sports and entertainment will reportedly soon be undergoing a name change.

The Athletic’s Shams Charania reports Staples Center — the home of the NBA’s Los Angeles Lakers and Los Angeles Clippers; the NHL’s Los Angeles Kings; the WNBA’s Los Angeles Sparks and numerous notable concerts and events, will be renamed to Crypto.com Arena on December 25 following what is “believed to be the largest U.S. venue naming rights deal to date.”

Staples Center has been the home of the Lakers, Kings and Clippers since 1999, with the Sparks moving in in 2001, four years after their inaugural season.

The arena has been the home of 11 world championship teams during its 21 years of operation, including six of the Lakers’ record 17 NBA championships (2000, 2001, 2002, 2009, 2010, 2020), all three of the Sparks’ WNBA championships (2001, 2002, 2016) and both of the Kings’ Stanley Cup championships (2011-12, 2013-14).

Staples Center was also the site of three funerals to legendary Los Angeles residents Michael Jackson (2009), Nipsey Hussle (2019) and Lakers all-time leading scorer Kobe Bryant and his daughter Gianna (2020).

Staples Center has also served as the home of the GRAMMY Awards a record 19 times from 2000-02; 2004-2017; 2019-2020; and will host the event under its new name in 2022.