Oklahoma City Thunder and Paycom announce arena naming rights deal

The Oklahoma City Thunder and Paycom (NYSE: PAYC) have announced an exclusive, 15-year naming rights partnership that will transform the downtown home of the Thunder into PAYCOM CENTER.

The name change takes effect immediately, with exterior signage to be completed in time for the start of the 2021-22 Thunder season. For the new season, the Thunder plans to reopen the building and bring fans back to enjoy the complete Thunder game experience.

Clayton I. Bennett, Chairman of the Oklahoma City Thunder, said:

We are honoured and excited to expand our partnership with Paycom to include a centrepiece, 15-year naming rights commitment for our arena. We are especially proud to enhance our alignment with this innovative and visionary Oklahoma company that is not only a top job creator, but a nationally recognised technology leader.

The Thunder shares Paycom’s always-onward vision, grit and relentless pursuit of excellence, combined with a passion for impacting our community. Together, we are committed to working hand in hand to create the best for our fans and city.

On behalf of our ownership group and the entire Thunder organisation, we look forward to presenting our new arena partner, Paycom, to the NBA global audience. We are especially proud to be able to welcome back our fans to again enjoy the Thunder game experience inside the fresh and exciting PAYCOM CENTER.

Chad Richison, Paycom’s Founder and CEO, said:

Oklahoma City is home to thousands of our employees, and I am happy that PAYCOM CENTER will be the home of the Thunder. We are committed to our community and remain focused on the future as we support the home team.

Paycom, a member of the S&P 500, is one of Oklahoma’s largest companies, with a market cap of approximately $23 billion, and one of the country’s fastest-growing publicly traded companies.

The naming rights agreement consists of several marquee PAYCOM CENTER signage locations, including the building’s exterior and roof, game floor, scoreboard and more. Paycom will retain its branded on-court signage in front of the player benches and will continue actively engaging the community that is so important to Paycom and the Thunder. Financial terms of the agreement were not disclosed.

The building is scheduled to be fully transformed into PAYCOM CENTER for the expected return of fans to Thunder games for the upcoming season. The Thunder is working with the City of Oklahoma City to develop and complete the full exterior signage and lighting plan.

In addition to Thunder games, PAYCOM CENTER will host numerous concerts, sporting events and other world-class attractions, welcoming more than 1 million guests per year.

Opened in 2002, the building is managed by ASM Global and owned by the City of Oklahoma City. It was the premier project of the Metropolitan Area Projects Plan (MAPS), Oklahoma City’s first capital improvement program; approved by voters in 1993, MAPS has modernised the state’s capital city with continued citizen support via additional MAPS funding.

Tom Lynch, Group Commercial Director & Senior Vice President, Europe, ASM Global, is one of 50+ industry experts that will be sharing insights and key learnings during the upcoming ALSD International conference and exhibition being hosted by Liverpool Football Club, September 6-7.

Located in the centre of downtown Oklahoma City, PAYCOM CENTER stands as a centrepiece of the renaissance and future of downtown, amid other MAPS projects like Scissortail Park, which opened in 2019, and the new Oklahoma City Convention Center.

Chris Semrau, General Manager of PAYCOM CENTER, said:

At ASM Global, we are thrilled with the potential this partnership between the Thunder and Paycom offers for future success of the arena. We work diligently to offer first-class amenities and services for fans, entertainers, guests and crew as we schedule events and shows throughout the year, all within a very competitive environment. Adding a technology and community leader like Paycom to the name of the arena only enhances our ability to help position the facility as modern, vital and built for the future.

Source & imagery, courtesy: PAYCOM CENTER