The FTX debacle in Miami is over.
"The collapse of our previous partner caught everyone by surprise but, in conjunction with Miami-Dade County, we worked efficiently and incredibly quickly to fill our naming rights vacancy with Kaseya—a local, dynamic and growing company creating job opportunities for South Floridians," Heat president of business operations Eric Wollworth said in a statement."Kaseya is a perfect fit and we are incredibly proud to join forces with them.
The Heat first struck a massive deal with FTX to name the venue FTX Arena in 2021, which replaced American Airlines as the title sponsor. But late last year, after the cryptocurrency company collapsed and filed for bankruptcy, the team and the county cut ties with FTX and removed the name from the building.Kaseya is a Miami-based software and IT company. It will also become the team’s official IT solutions partner in a separate deal.
"We are proud to close this deal with a locally based company for the first time in the history of the Arena," said Miami-Dade County Mayor Daniella Levine Cava."Since Kaseya relocated its headquarters to Miami, it has demonstrated a real commitment to invest in our economy and our local talent by opening the door to the jobs of the future.
The Heat were the second NBA team to partner with a cryptocurrency company in recent years. The Lakers and Clippers' arena in downtown Los Angeles was
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