- Rudy Gobert indicates that him having pity on Anthony Davis was turning point for Wolves losing to Lakers
- Darvin Ham gives immediate update on Anthony Davis’ ankle injury
- D’Angelo Russell credits Minnesota for helping him figure out his life outside of basketball
- Jay Williams would take the Lakers over the Warriors to win the Western Conference
- LeBron James makes it clear he won’t pay to be verified before Elon Musk’s latest Twitter rule takes effect
- Isiah Thomas believes top 7 teams in West ‘fear’ LeBron James and Lakers
- Former NBA player on the Lakers win over the Bulls: ‘That is a team last night that can win a world championship’
- LaVar Ball explains why he believes Bronny James should never play college basketball
- LeBron James seemingly brings up Austin Reaves throwing shade at him back in Miami Heat days
- Kyle Kuzma cooks Patrick Beverley after he says Clippers would’ve won title over Lakers in 2020 if not for bubble
Report: Staples Center to undergo massive renovation akin to Madison Square Garden’s $1 billion update
- Updated: November 17, 2021
On Tuesday night, it was reported that Staples Center, the longtime home of the Los Angeles Lakers, will be renamed to Crypto.com Arena starting next month.
A new report indicates that following the renaming, Staples Center will undergo a “massive renovation.” Officials apparently see this renovation on the same level as the one that Madison Square Garden, the home of the New York Knicks, underwent a couple of years ago.
I’m told Staples Center will undergo a massive renovation following this record naming rights deal. AEG officials view this as Staples Center’s version of Madison Square Garden’s $1 billion renovation. Everything from the concourse to the seats to the concessions will be changed.
— Arash Markazi (@ArashMarkazi) November 17, 2021
It will be interesting to see what types of changes Staples Center ends up undergoing and whether or not it will sport an entirely new look in the future.
Crypto.com is reportedly paying a massive amount of money in exchange for the naming rights to the stadium. This naming rights deal is believed to be the richest one in sports history.
“Terms of the agreement were not disclosed, but a person familiar with the deal told CNBC it was a 20-year contract worth $700 million,” wrote CNBC’s Jabari Young regarding the deal.
Since opening in 1999, Staples Center has hosted numerous award ceremonies and star-studded events. It has also, of course, been home to many Lakers squads that have won NBA championships. It’s easily one of the most recognizable arenas in the world.
LeBron James and the Lakers are scheduled to face off against Kevin Durant and the Brooklyn Nets on Christmas in a high-profile game.
Following the opening of Staples Center, the Lakers dominated the league for three straight seasons, winning three NBA titles as they were led by the efforts of Shaquille O’Neal, Kobe Bryant and Phil Jackson.