In what has become the revolving door of names on the downtown Miami arena that is home of the NBA's Miami Heat, there is now a new one: the Kaseya Center.
On Tuesday, Miami-Dade County Commissioners voted unanimously to rename the Miami-Dade Arena, which the building has been called since cryptocurrency exchange FTX filed for bankruptcy last November and the county terminated its agreement.
The building will now be named after the software and IT management company based in Brickell as part of a 17-year, $117.37 million lease agreement.
Here's a complete breakdown of all the names the arena at 601 Biscayne Boulevard has been called since opening over 20 years ago.
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American Airlines Arena (1999-2021)
The arena - which opened to replace the original home of the Heat blocks away named the Miami Arena - welcomed fans on December 31, 1999 with the team playing its first game there two days later. The airline, which has a hub at Miami International Airport, became the title sponsor and even had a giant aircraft painted on the roof.
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The arena was a center of entertainment in downtown, hosting concerts and championship basketball. For 10 years, NBC6 had studios on the east side of the arena after moving its main studios to our current location in Miramar.
In September 2019, it was reported the airline would not renew its deal. Despite the contract ending on New Year's Day 2020, it would still be called the American Airlines Arena with decals taken off the basketball court and outside before the start of the 2020-2021 season.
FTX Arena (2021-2023)
In March 2021, the cryptocurrency company FTX signed a multi-year deal to become the new name on the arena. The deal also included money going into a program for Miami-Dade County to curb gun violence in the area.
However, in November 2022 the company filed for Chapter 11 bankruptcy with its founder Sam Bankman-Fried being arrested one month later in the Bahamas following an indictment on charges including wire fraud, securities fraud and violating campaign finance laws.
Miami-Dade Arena (2023)
The arena was renamed on January 12 after the termination of the deal, with Miami-Dade County Mayor Daniella Levine Cava announcing all FTX branding would be removed and the search for a new sponsor had begun.
Kaseya Center (2023)
This April, Miami-Dade County Commissioners voted unanimously to rename the Miami-Dade Arena. The building will now be named the Kaseya Center as part of a 17-year, $117.37 million lease agreement.
The global software company, with its headquarters in Brickell, provides information technology services while offering IT management, cloud monitoring, services administration, access management, and other services.
“As one of the most iconic venues in the world, we could not be more excited to officially rename the arena as the Kaseya Center and partner with the Miami Heat,” said Kaseya CEO Fred Voccola.
“Miami is our home, and having Kaseya showcased globally as synonymous with Miami is something we’re very proud of."
