"The Arena": Miami Heat unveil new arena name after agreement with FTX gets terminated

Early Wednesday afternoon, news broke that the Miami Heat had come to an agreement on a buyout with FTX. The Crypto Exchange company had the naming rights to their stadium for roughly two years, but recently went bankrupt.

Following the court decision, the Heat said they were going to change their name immeditaley. In less than 24 hours, they've already managed to take down the massive sign outfront the arena.

With FTX no long associtated with the stadium, the organization also unvieled the name. For the time being, it will just be called "The Arena."

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With their deal with FTX officially terminated, the Miami Heat can now begin talks with other potential buyers on a naming rights deal.

About the author

Kevin McCormick is a basketball writer at Sportskeeda with over four years of experience in journalism and a bachelor's degree in Sports Management Marketing from Holy Family University.

Kevin has worked with various notable outlets throughout his career, including 97.3 ESPN, ClutchPoints, Heavy Sports, and Sports Illustrated/FanNation, before joining Sportskeeda in March 2022.

Specializing in NBA and WNBA coverage, Kevin's passion for basketball stems from his hometown team, the Philadelphia 76ers. Among his favorite players are Kevin Durant, Chet Holmgren, and Steph Curry, while his all-time favorites include Magic Johnson and Larry Bird.

Kevin holds Coach K in high regard for the large input he's had on the game helping mold players across multiple generations. Kevin believes the iconic rivalry between Larry Bird and Magic Johnson helped elevate the league to its current status.

Through his writing, Kevin provides in-depth analysis and insights into player and coach quotes. He prioritizes sourcing information from credible and reliable outlets.

Kevin enjoys reading, aiming to finish at least one book per month, and he is a big fan of music.

Know More

Miami Heat Nation! You can check out the latest Miami Heat Schedule and dive into the Heat Depth Chart for NBA Season 2024-25.

Edited by Kevin McCormick