The arena where the Miami Heat play home games will be renamed the Kaseya Center following a vote by the Miami-Dade County commissioners.
The deal, which will take effect immediately, is set for $117.37 million over the next 17 years.
The Heat will receive $2 million per year in the deal.
The agreement comes five months after the team and the county started the process to remove the FTX brand from what was briefly called FTX Arena.
