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New Los Angeles arena to be called SoFi Stadium

LOS ANGELES -- SoFi Stadium is the name of the palatial new home of the Los Angeles Rams and the Los Angeles Chargers.

The growing personal finance company formally known as Social Finance has reached a 20-year agreement for the naming rights to the multibillion-dollar stadium complex in Inglewood, California, the teams announced Sunday.

The deal was negotiated by Legends, which is owned by Jerry Jones, and it is expected to be the largest naming-rights deal in the NFL, passing the Dallas Cowboys' AT&T deal, ESPN's Adam Schefter reports.

SoFi Stadium is on schedule to open next summer in Hollywood Park ahead of the 2020 season for Los Angeles' two NFL teams.