Industrial company Chesapeake Energy previously held the arena name but scuttled the agreement after filing for bankruptcy in June 2020. That deal was worth roughly $34 million and paid the Thunder $3 million per season.
Why is Chesapeake arena being renamed?
Chesapeake Energy Arena will be renamed after Chesapeake Energy Corp. terminated its naming rights, effective immediately, the team announced Tuesday. Chesapeake, which recently emerged from bankruptcy, had a 12-year agreement for the naming rights beginning in 2011.
Who is buying Chesapeake Arena?
The Oklahoma City Thunder announced Tuesday that Paycom will take over the naming rights of the arena. The home of Thunder Basketball will now be called the "Paycom Center."
Who bought the Chesapeake Energy Arena?
On , it was announced that Paycom will acquire the naming rights for the arena for a 15-year period, renaming it Paycom Center.
What was the original name of the Chesapeake Arena?
Ford Center
When was the Chesapeake Energy Arena built?
June 8, 2002
Where is the Paycom Center?
Reno Ave., Oklahoma City, OK
How much does paycom pay for naming rights?
The company owned the naming rights for the arena in a 12-year, $34M deal that runs through the 2022-23 season.
How much did paycom pay for Chesapeake Arena?
Terms of the pact with the Thunder were not disclosed, but the deal doesn't surpass $100 million. Industrial company Chesapeake Energy previously held the arena name but scuttled the agreement after filing for bankruptcy in June 2020. That deal was worth roughly $34 million and paid the Thunder $3 million per season.
How much did paycom pay for the Paycom Center?
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What is paycom Center in Oklahoma City?
Paycom Center (originally known as the Ford Center from 2002 to 2010, Oklahoma City Arena from 2010 to 2011, and Chesapeake Energy Arena from 2011 to 2021) is an arena located in Downtown Oklahoma City, Oklahoma, United States.