According to TSN’s Rick Westhead, the Air Canada Centre will have a new name come July of next year.

Breaking: Maple Leaf Sports & Entertainment signs watershed naming-rights deal.
Air Canada Centre about to get a new name.

— Rick Westhead (@rwesthead) August 29, 2017

MLSE signs deal with major Canadian bank.
Air Canada Centre name to change July 1, 2018.
Story up shortly at TSN.ca.

— Rick Westhead (@rwesthead) August 29, 2017

It appears as though the bank Westhead was referring to is Scotiabank, with TSN’s Kristen Shilton reporting that the arena will be re-named ‘Scotiabank Arena’.

Came down to Scotiabank and RBC to replace Air Canada in licensing deal. ACC will become Scotiabank Arena on July 1, 2018 https://t.co/0xFGbvJc2j

— Kristen Shilton (@kristen_shilton) August 29, 2017

The deal between MLSE and Scotiabank is worth a reported $800 million over 20 years, which Westhead notes is believed to be “the highest-priced annual building and team sponsorship in North American sports history.”

Built in 1999, this will mark the first name change in the building’s history.

Rest easy, ACC. We’ll miss you.

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