The Miami Heat’s home stadium will temporarily be called Miami-Dade Arena after the team officially terminated the county’s naming rights deal with previous sponsor FTX.
“Effective immediately, Miami-Dade County and the Miami Heat have agreed that, until such time as there is a new naming rights partner, to refer to the arena as Miami-Dade Arena. The removal of the facility’s existing signage and the changeover of branding elements will be ongoing in the coming weeks,” the Heat and Miami-Dade County released in a joint statement.
The team is still in the process of removing all FTX logos from the arena.
The county owns the arena and negotiated a 19-year, $135 million deal with FTX. The Heat were to receive $2 million per year from the deal.
The Heat, along with the county, are currently looking for a permanent naming-rights partner.
