The Staples Center will be renamed Arena as part of a 20-year naming agreement

The Staples Center will soon be known as the Arena, Crypto announced Tuesday. The name change will take place on Dec. 25 and is part of a 20-year deal that is believed to be the largest venue designation agreement in U.S. history to date, sources say. The Athletic.

Since its first opening in 1999, the venue has been home to the Los Angeles Lakers, Clippers, Kings and Sparks. The Lakers have been hanging six championship banners at the Staples Center since 1999. Kings won two Stanley Cup championships during this period. Sparks won consecutive WNBA championships in 2001 and 2002 and brought their third WNBA championship in 2016.

“It’s going to be weird,” said Clippers striker Paul George. Clippers will move to the Intuit Domain for the 2024-25 season. “I grew up (so) as a Staples and a place to play and be.… It’s the same place, but it’s kind of like stripping history here by calling it something else.”

In addition to sporting events, more than 76 million people have attended concerts, awards shows and other high-profile events during the arena’s 22-year history. Its attendance record was set on January 25, 2009 in a battle between WBA middleweight champion Antonio Margarito and Shane Mosley with 20,820 audiences.

(Photo: Juan Ocampo / Getty Images)

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