OKC Arena Energizes

Oklahoma City has scored a new name for the home of the NBA’s Thunder with the inking of a 12-year naming rights deal with Chesapeake Energy Corporation.

The SMG-managed Chesapeake Energy Arena will feature Chesapeake branding and signage throughout the venue and on the basketball court.

Under the terms of the deal, Chesapeake will pay $3 million annually with a 3 percent annual escalation for naming rights.