Judge ends naming-rights deal for Heat's FTX Arena

A federal bankruptcy judge today "terminated the naming-rights agreement" between Miami-Dade County and the FTX crypto exchange, ending a two-year stretch of the Heat playing in FTX Arena. The order states Miami-Dade, which owns the downtown Miami facility that the Heat manages, "plans to stop using the FTX name immediately and quickly remove all uses of the FTX name" from the arena. Judge John Dorsey approved an agreement between the company and Miami-Dade to "end the naming-rights agreement as of Dec. 31 and halt use of the FTX name by the arena" (MIAMI HERALD, 1/11).