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Miami Heat to cut ties with bankrupt FTX, rename arena

Por: ABC News Sports November 12, 2022

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Miami-Dade County and the Miami Heat are ending their arena naming rights deal with bankrupt cryptocurrency firm FTX.The county, which owns the arena, signed a 19-year, $135 million deal for the bayfront Heat homecourt's name in 2021. After an initial balloon payment of $14 million, FTX was scheduled to make a $5.5 million payment in January.The arena will still technically be referred to as FTX Arena for Saturday's game between the... + full article



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