Hawks Agree to 20-Year Contract to Play in State Farm Arena

Mike Chiari@mikechiariFeatured ColumnistAugust 29, 2018

ATLANTA, GA - NOVEMBER 26:  Jeff Teague #0 of the Atlanta Hawks takes the ball up court across the Hawks logo during the game against the Orlando Magic on November 26, 2013 at Philips Arena in Atlanta, Georgia.  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 2013 NBAE (Photo by Scott Cunningham/NBAE via Getty Images)
Scott Cunningham/Getty Images

The Atlanta Hawks announced they have agreed to a new naming-rights deal with State Farm for their arena.

The 20-year contract will result in the renaming of Philips Arena to State Farm Arena. 

According to WSB's Zach Klein initially reported the news:

Klein noted the soon-to-be State Farm Arena is undergoing $192 million in renovations.

Philips Arena officially opened in 1999 after the Hawks spent 25 years playing at the Omni Coliseum, which has since been demolished.

While waiting for Philips Arena to be completed, the Hawks spent two seasons alternating between the Georgia Dome and Alexander Memorial Coliseum.

Renovations on State Farm Arena are expected to be completed in time for the start of the 2018-19 season.

Several unique additions were announced last year, including a barbershop with a view of the court, golf simulators and a courtside bar.

The Hawks are coming off their worst record since 2004-05, as they went 24-58 last season after tearing down the their roster.

Prior to that, Atlanta had reached the playoffs 10 consecutive times.

The Hawks are expected to struggle again in 2018-19, but due to the developments regarding the arena and the arrival of rookie guard Trae Young, there is a notable buzz surrounding the organization.

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