Don’t be confused when you go to the Washington International Horse Show Oct. 24-29. Since 2006, the facility has been named the Verizon Center, but now it’s the Capital One Arena.
The signage and branding makeover will happen this fall, but there’s already a new logo and a third name for the venue, which opened as the MCI Center in the winter of 1997.
The previous 20-year naming rights arrangement was negotiated by former Wizards and Capitals owner Abe Pollin, and current owner Ted Leonsis has said repeatedly that he was seeking a more team-friendly deal. The Verizon deal was set to expire in 2018, but Capital One’s involvement accelerated the schedule.
Financial details were not released, but the deal is worth $100 million over 10 years, according to a source familiar with the arrangement, who confirmed an earlier Bloomberg report.