Officials announced today that the Phillips Arena name is no longer. A new 20-year sponsorship deal will re-name it to the State Farm Arena.
The new name on the Arena is a pretty major announcement for the long standing home of the Atlanta Hawks. WSB-TV also reports it is currently undergoing a $192-million renovation.
Exciting news for the city of Atlanta...though people will still refer to it as "Phillips Arena" for at least the next 10-years regardless of the name on the building.
Wait till you see the new uniforms though: