The Golden State Warriors have secured a 20-year naming-rights deal with JP Morgan Chase, the team said on Thursday.
The 18,000-seat facility will be called the Chase Center. It is scheduled to open for the 2019-20 campaign.
Financial terms weren’t released by the club, but published reports pin the price at between $15-20 million annually.
“These deals don’t usually come together as quickly as this one did,” Warriors president Rick Welts told the Sports Business Daily. “We had commonality in terms of goals and it allowed us to progress quickly, which was unique.”
The arena was originally scheduled to open one season earlier but the club is facing opposition from the Mission Bay Alliance, a group that opposes the building of the facility.