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Lakers home to drop Staples Center, become Arena

Houston Rockets v Los Angeles Lakers

LOS ANGELES - OCTOBER 26: An exterior shot of the Staples Center before the Houston Rockets game against the Los Angeles Lakers on October 26, 2016 in Los Angeles, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2016 NBAE (Photo by Juan Ocampo/NBAE via Getty Images)

NBAE via Getty Images

Staples Center is the arena Shaq and Kobe built (even though the Lakers never owned the building). It has been home to five NBA titles — and five WNBA titles, and a couple of Stanley Cup runs, a Democratic National Convention, and more big-name concerts than you can imagine — and sparked a renaissance in downtown Los Angeles. Staples Center is one of sports’ iconic venues.

Except starting on Christmas Day it will no longer be Staples Center. It will be the Arena.

Multiple reports have this as the largest naming rights deal in the NBA — $700 million over 20 years. AEG — which owns the building, plus the L.A. Kings, multiple MLS teams and more — reportedly bought back the last couple of years of the Staples naming rights deal to make the deal happen.

You can bet the owners of other arenas around the NBA and North America took notice. We could see a bubble of naming rights deals after this.

For fans (and media members, speaking/typing on instinct), the name change will take some getting used to. The denizens of NBA Twitter have already nicknamed the building “the Crypt.” Insert your own “that’s not just a reference to an old Lakers’ roster” joke here.

It’s also going to be a little awkward when the Philadelphia 76ers come to town.

The new name and logo officially drop on Christmas Day, when LeBron James and the Lakers host Kevin Durant and the Brooklyn Nets. We’ll set the over/under for the broadcasters slipping up and calling it Staples Center on air that day at 2.5.