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Clippers, Intuit Agree to 23-Year Naming Rights Contract for New Arena

Tim Daniels@@TimDanielsBRFeatured Columnist IVSeptember 17, 2021

LOS ANGELES, CA - JUNE 6: Owner Steve Ballmer of the LA Clippers looks on during Round 1, Game 7 of the 2021 NBA Playoffs between the Dallas Mavericks and the LA Clippers on June 6, 2021 at STAPLES Center in Los Angeles, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2021 NBAE (Photo by Andrew D. Bernstein/NBAE via Getty Images)
Andrew D. Bernstein/NBAE via Getty Images

The Los Angeles Clippers have announced a 23-year partnership with financial software company Intuit to name their new arena the Intuit Dome. The arena is scheduled to open in 2024.

"When we began the search for a partner for the L.A. Clippers and our new dome, we looked for one that shares our passion for technology, the pursuit of innovation and our commitment to customers, fans and community," Clippers governor Steve Ballmer said Friday. "Intuit is a perfect fit, and we’re excited to be calling our future home the Intuit Dome."

Sports Business Journal @sbjsbd

.<a href="https://twitter.com/LAClippers?ref_src=twsrc%5Etfw">@LAClippers</a> x <a href="https://twitter.com/Intuit?ref_src=twsrc%5Etfw">@Intuit</a> = <a href="https://twitter.com/IntuitDome?ref_src=twsrc%5Etfw">@IntuitDome</a> <br><br>The Clippers have signed a 23-year naming rights deal with Intuit for the team’s new $1.8 billion arena development in Inglewood, Calif.<a href="https://t.co/yAMyCO82Ap">https://t.co/yAMyCO82Ap</a> <a href="https://t.co/4QIXeUHaIk">pic.twitter.com/4QIXeUHaIk</a>

The Clippers reached an agreement with the city of Inglewood in 2019 to build a new, privately financed arena.

Ballmer, who purchased the NBA franchise in 2014, told ESPN's Ramona Shelburne on Friday it became apparent the team needed to move out of Staples Center, which it shared with the rival Los Angeles Lakers, in order to forge its own path.

"We needed to say, 'We're our own guys. We don't play in the same place as the other guys. We're going to have our own identity,'" he said.

Ballmer added he expects to spend "upward of $2 billion" to build the new arena.

The Clippers' announcement noted Intuit committed $1 million to underserved school districts in the L.A. area to help the "next generation of students to learn about finances and entrepreneurship.”"

Intuit will also provide taxpayer assistance to low-income families and hold workshops for entrepreneurs and small business owners with a focus on minority- and women-owned companies.

The Clippers also provided an early look at what fans can expect inside the Intuit Dome:

"Intuit Dome has been designed to create an intimate and intense fan experience through features such as 'The Wall,' which is comprised of 51 uninterrupted rows of seats that include a dedicated supporters section; a two-sided halo scoreboard encircling the bowl with an acre of LED lighting; and an 80,000 square foot outdoor plaza, surrounding a full-size outdoor court. Technological advancements within Intuit Dome will allow for frictionless concession stands, enabling fans to spend more time in their seats."

Los Angeles is slated to begin playing in the new arena during the 2024-25 NBA season.