MIAMI -- The arena where the Miami Heat play their home games now has yet another new name after Miami-Dade County commissioners voted to enter into a 17-year deal to call the facility Kaseya Center.
The name change takes effect immediately. Kaseya, a Miami-based software company, will pay $117.37 million over the 17 years, with much of that going to the county. The Heat will receive $2 million annually as part of the deal.
The agreement comes about five months after the Heat and the county started the process to remove the FTX brand from what was briefly called FTX Arena, until the cryptocurrency exchange collapsed and filed for bankruptcy.