Clippers Arena Inglewood

Karen Song

INGLEWOOD – The Inglewood Basketball and Entertainment Center (IBEC) received final approval today from the Inglewood City Council, fully entitling the world-class campus that will include an 18,000-seat basketball arena, team practice facility and corporate offices for the L.A. Clippers. As a result, the Clippers have opened their waitlist for season tickets and other selected arena experiences. Fans can learn more at www.clippers.com/IBEC.

The City Council’s unanimous approval of the Disposition and Development Agreement (DDA) provides the terms for Murphy’s Bowl, the entity developing IBEC, to purchase the publicly-owned property within the arena site for a total purchase price of $66.25 million. The total purchase price will be shared among the City, the FAA, Los Angeles World Airports and other local entities, including the Inglewood Unified School District. The DDA contains long-term commitments from Murphy’s Bowl, following acquisition of the site, to develop and operate the arena and related facilities.

“Today is a new chapter for the Inglewood Basketball and Entertainment Center, as we move from the land use entitlement process and look toward construction,” said Gillian Zucker, Clippers President of Business Operations. “Every part of IBEC is being designed with purpose – with an unapologetic intensity that will define the experience together for players, musical talent and fans alike. This arena will prove, beyond a shadow of a doubt, that there is no replacement for live basketball and entertainment.”

The privately-financed IBEC project will include a world-class facility that is uniquely designed to prioritize fan comfort and ease, player experience, home court advantage and community. IBEC will reimagine live entertainment, creating a new standard for live experiences all on its own. The one-of-a-kind facility will be set within an open, indoor-outdoor atmosphere that showcases what the world loves best about Southern California. The campus in Inglewood will serve as a hub that brings the Clippers organization together, with a new team practice facility and corporate offices. The project, expected to break ground in summer of 2021, will open for the start of the 2024-25 NBA season.

In August, the Clippers announced a global partnership with CAA Sports, a division of Creative Artists Agency (CAA), to bring to market the naming rights for the arena. CAA Sports’ industry-leading Property Sales division has completed more than $4 billion in new sponsorship business on behalf of its clients.

IBEC will create more than 7,000 full and part-time construction jobs and up to 1,500 permanent full and part-time jobs when the complex opens. Local hire goals are in place to help fill 30 percent of the construction jobs and 35 percent of arena operation jobs with local area residents.

IBEC will generate an estimated $260 million in annual economic activity for Inglewood and approximately $100 million in tax revenue over the first 15 years of operation. That money will help support vital city services such as parks, libraries and police and fire stations. The Clippers’ one-of-a-kind basketball arena reflects the team’s commitment to being environmentally-friendly and energy efficient, while providing the City of Inglewood with the largest community benefits package ever connected to a sports venue at $100 million.

l-a-clippers-inglewood-basketball-and-entertainment-center-receives-final-approval-from-city-of-inglewood

L.A. Clippers’ Inglewood Basketball and Entertainment Center Receives Final Approval from City of Inglewood

Marcus Fong

LOS ANGELES – The LA Clippers today announced that it has formed a global partnership with CAA Sports, a division of Creative Artists Agency (CAA) to bring to market the naming rights for the Inglewood Basketball and Entertainment Center, the future home of the franchise.

The privately-financed IBEC project will include a world-class 18,000-seat facility, uniquely designed to prioritize fan comfort and ease, player experience, home court advantage, and community. The campus in Inglewood will serve as a hub to bringing the organization together, with the new team practice facility and corporate offices. The project, expected to break ground in summer of 2021, will open for the start of the 2024-25 NBA season. The Clippers one-of-a-kind basketball arena reflects the team’s commitment to being environmentally-friendly and energy efficient, while providing the City of Inglewood with the largest community benefits package ever connected to a sports venue.

“We are proud to work alongside the visionary ownership and management team of the LA Clippers, to bring to market the naming rights for their new arena in the city of Inglewood,” said Paul Danforth, CAA Board Member and President, CAA Sports. “Steve’s vision for ‘the best home in all of sports,’ combined with the dynamic Clippers franchise and explosive growth of the NBA worldwide, makes this a singular opportunity for a marketer to plant its flag in the sand in the vibrant capital of sports, media, and entertainment.”

“We are thrilled to partner with CAA on this endeavor, as we work together to identify a corporate partner who shares our values and embraces our vision for what this campus will mean to the Clippers community,” said Gillian Zucker, Clippers President of Business Operations. “We have set an ambitious goal to provide disproportionate value to a naming rights partner by having them in-place before a shovel hits the ground in Inglewood. This aggressive timing will provide a unique opportunity to incorporate our partner's brand into the design of the construction and deliver their own personal touch to this amazing facility.”

CAA Sports’ industry-leading Property Sales division has completed more than $4 billion in new sponsorship business on behalf of its clients and orchestrated precedent-setting agreements for the new Yankee Stadium and the naming rights for the San Francisco 49ers Levi’s Stadium and Chase Center, home of the Golden State Warriors.

Led by Chairman Steve Ballmer, the L.A. Clippers in 2019-20 are competing in the franchise’s 50th season, after nine consecutive winning seasons and eight Playoffs appearances in the past nine seasons. Head Coach Doc Rivers, the winningest head coach in franchise history, has compiled the NBA’s 5th-best record over the course of his time in L.A. The Clippers are committed to the city of Los Angeles and through the L.A. Clippers Foundation, provide resources and opportunities that make a positive difference toward leveling the playing field for youth in Southern California. Visit the Clippers online at www.clippers.com or follow them on social media @LAClippers.

The five-time recipient of the award for “Best in Talent Representation and Management,” presented by the Sports Business Journal, CAA Sports represents more than 2,000 of the world's best athletes in such sports as baseball, football, hockey, basketball, soccer, Olympics and action sports, in addition to coaches, on-air broadcasters, and sports personalities. Beyond traditional athlete representation, CAA Sports provides unique opportunities for clients off the field, in areas including entertainment, licensing, endorsements, speaking, philanthropy, publishing, and video games. CAA Sports also works in the areas of broadcast rights, corporate marketing initiatives, and sports properties for sales/sponsorships, and received the award for “Best in Corporate Consulting” at the 2018 Sports Business Awards, and “Best in Property Consulting, Sales, and Client Service” in 2014, 2016, and 2019.

CAA Sports is a division of leading entertainment and sports agency Creative Artists Agency (CAA). CAA represents the most creative and successful artists working in film, television, music, theatre, video games, and digital content, and provides a range of strategic marketing services to corporate clients. For more information about CAA Sports, visit www.caa.com.

Clippers Arena Inglewood

L.A. Clippers’ Inglewood Basketball and Entertainment Center Receives Final Approval from City of Inglewood

LA Clippers Partner with CAA Sports to Sell Naming Rights to Inglewood Basketball and Entertainment Center