With New $117M Arena Naming Deal, Heat Replaces FTX with Kaseya

Paul Steinbach Headshot
Alejandro Luengo N0mc Tsubob A Unsplash

Miami-Dade County commissioners on Tuesday unanimously approved the $117 million naming-rights agreement for the Miami Heat's county-owned arena in which Kaseya, a software company headquartered in Miami, supplants the FTX cryptocurrency exchange.

As reported by the Miami Herald, the 17-year agreement mostly matches the promised payments that disappeared from the arena’s prior sponsor, which collapsed into bankruptcy late last year. FTX had replaced American Airlines as the naming sponsor in 2021.

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