A general overall view of the Staples Center exterior.
The Lakers and Clippers‘ iconic home will have a new name starting on Christmas Day. (Kirby Lee/USA Today Sports)

The Staples Center is no more.

The iconic arena in downtown Los Angeles, which has been home to both the Lakers and Clippers since 1999, will be renamed on Christmas Day.

It will now be known as Crypto.com Arena, according to The Athletic’s Shams Charania. The deal is believed to be the largest venue naming rights deal in United States history.

Specifics of the deal are not yet known.

The arena is also home to the WNBA’s Los Angeles Sparks and the NHL’s Los Angeles Kings. The Grammy Awards have been held at the arena since 2000, too.

This post will be updated with more information shortly.

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