Why did staples change their name?
Why did staples change their name? Like everything else in the world, the change has to do with money. According to former Los Angeles Times reporter Arash Markazi, Staples, the office supplies company, originally had a 20-year contract to own the building’s naming rights. It then later agreed to a lifetime deal.
Why don t the Lakers change their name?
After considering moves to Chicago and San Francisco, he decided to move the franchise to Los Angeles prior to the 1961 season, making the Lakers the NBA’s first West Coast team. The Lakers did not change their name after this second move, despite the general scarcity of natural lakes in southern California.
Why did Staples Center change to Crypto?
The building is changing its name to Crypto.com Arena on Christmas under what’s believed to be the richest naming rights agreement in sports history. Staples Center, the downtown Los Angeles home to several local pro sports teams, will be renamed Crypto.com Arena.
Was Staples Center named after Staples?
In that time, office supply company Staples purchased the naming rights for the arena, agreeing to a deal worth over $100 million that would last 20 years. In total, Staples paid $116 million over the 23 years they held naming rights.
