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New Orleans Pelicans and Smoothie King restore their arena calling rights contract

The New Orleans Pelicans and Smoothie King have actually accepted restore their arena calling rights agreement

ByThe Associated Press

December 26, 2023, 5:08 PM

Memphis Grizzlies forward Jaren Jackson Jr. (13) is fouled by New Orleans Pelicans center Jonas Valanciunas (17) in the 2nd half of an NBA basketball video game in New Orleans, Tuesday, Dec. 19, 2023. The Grizzlies won 115-113. (AP Photo/Gerald Herbert)

The Associated Press

BRAND-NEW ORLEANS– The New Orleans Pelicans and Smoothie King have actually accepted restore their arena calling rights agreement, the club revealed Tuesday.

The arena will “keep its distinct identity as the Smoothie King Center for the foreseeable future,” the Pelicans stated in a declaration.

Neither the club nor Smoothie King launched information on the particular length or worth of the arrangement. The preliminary contract, reached in 2014, ran for 10 years through the existing NBA season and supposedly had actually an approximated worth approaching $40 million.

The Pelicans’ lease at the 24-year-old arena is because of end next summer season. The club has stated it means to work out an alternative to stay in the Smoothie King Center through at least the end of the existing years while checking out longer-term strategies that might consist of propositions for a brand-new arena or substantial remodellings to the present structure.

“We are enjoyed extend our relationship with Smoothie King and keep the renowned Smoothie King Center as the home of the New Orleans Pelicans,” group owner Gayle Benson stated. “Smoothie King’s dedication to health and neighborhood lines up completely with our worths, and we eagerly anticipate continuing to construct on the success we’ve accomplished together.”

Healthy smoothie King was established in New Orleans 5 years back. It moved its head office to Dallas after signing the previous 10-year identifying rights offer.

“We’re so fired up to continue to belong of the neighborhood and have a strong existence there through our shops and our collaboration with the Pelicans,” Smoothie King owner Wan Kim stated.

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AP NBA: https://apnews.com/hub/nba

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