It is a sad day in LA.
The iconic Staples Center is getting a rename. The home of the Los Angeles Lakers, Clippers, and hockey team LA Kings will now be called Crypto.com Arena.
According to ESPN.com, Crypto.com is paying $700 million over 20 years to rename the arena. This is believed to be one of the most expensive naming rights deal for sports arenas. The name change will happen on Christmas day.
The news of the renaming has been met with mixed reactions. Many are sad that their childhood arena is being renamed, others find the name change exciting.
