Photo: Monumental Sports and Entertainment
Verizon Center is home to the NHL’s Washington Capitals, the NBA’s Washington Wizards, as well as the Mystics (WNBA) and Valor (Arena Football). The building opened in 1997 as the MCI Center before Verizon got the naming rights in 2006.
Verizon’s naming rights will expire at the end of next year (2018). According to Domain Name Wire, Capital One just registered more than 50 domain names that indicate that they could be taking over the naming rights when Verizon’s contract is up.
The website listed the domain names that Capital One registered. Here are some of the names.
According to Washington Business Journal, “experts have estimated Monumental could get around $5 million a year for the downtown arena, and the organization was seeking a 10- to 15-year deal.”
There’s no official word from Capital One or Monumental Sports & Entertainment, which owns the 20,000-seat home of the Washington Wizards and Capitals.
Expect an official announcement to be made in the near future.
[UPDATE] Wednesday, August 2, 2:00 PM
Capital One will be the next naming rights sponsor of Verizon Center, Thom Loverro of 106.7 The Fan confirms. “According to my sources, Capital One is a done deal. That’s the new sponsor for the former Verizon Center, formerly the MCI Center. Capital One will be the sponsor moving forward.”
— 106.7 The Fan (@1067theFan) August 2, 2017
By Michael Marzzacco