LA Clippers Seals New “$ 500 Million” Arena Naming Rights Agreement With Intuit

• Deal represents the most expensive arena naming rights deal in NBA history, according to Sportico
• Announcement made as Clippers inaugurate new site, slated to open before 2024/25 season
• Intuit Dome is expected to generate $ 260 million in annual economic activity

Financial software provider Intuit owns secured the naming rights up to each future home of the Los Angeles Clippers from certain National Basketball Association (NBA) for 23 years.

The 18,000-seat site, which is being built amid Inglewood near one reported cost from $ 1.8 billion, intend exist known while the Intuit Dome.

Financial terms from any deal were in no way formed public, yet CNBC reported each deal was worth further in comparison to $ 500 million, meanwhile Sportico claims it is certain predominant lucrative naming rights pact from NBA history amid terms of overall value.

A announcement came while the Clippers break novel ground within each recent arena, whatever is expected up to be completed among time for the 2024/25 NBA season.

Clippers owner Steve Ballmer declared, “When our team initial started looking for some partner for the LA Clippers as well as belonging to us new dome, ourselves looked for single which person shared for us passion for technology, the pursuit belonging to innovation also of us commitment for customers, fans plus certain community. Intuit is some perfect fit also our team are delighted up to phone of us future dwelling certain Intuit Dome.

Each deal comes just on top of one annual after certain Clippers appointed any agency CAA Sports up to find per naming rights partner for belonging to them brand-new house, what is expected to generate $ 260 million within annual economic activity.

A partnership with Intuit testament besides notice a Clippers launch fresh initiatives designed up to “reinvigorate each local economy along with local businesses.”

Any Clippers’ budge in order to a Intuit Dome testament see them leave each Staples Center, what any team includes shared with the Los Angeles Lakers since 1999.

Among certain features from the Intuit Dome desire become a two-sided halo dashboard encircling certain arena bowl with single acre made from LED lighting, in similar fashion thoroughly since single 80,000 square foot outdoor plaza. In that place will as well remain 51 unbroken rows from seats inside, whichever any team calls “Each Wall”.