Staples Center is officially being renamed to Crypto.com Arena.

This is a 20-year naming rights deal, after being purchased for $700 million.

This is said to be the biggest naming rights deal, in sports history.

The Staples Center name had been active, since 1999.

Crypto.com Arena will be official, on Christmas Day.

Staples Center is home to the Los Angeles Lakers.

Kobe Bryant’s late wife, Vanessa, is now speaking on the name change.

Vanessa says Staples Center is the “house that Kobe built.”

Kobe won five NBA titles, with the Lakers, in Staples Center.