June 16, 2015

SACRAMENTO, Calif. (AP) The Sacramento Kings and Golden 1 Credit Union have reached an agreement on a naming rights deal for the NBA team's future arena.

Under a 20-year partnership announced Tuesday, the arena in downtown Sacramento will be called the Golden 1 Center. Financial terms of the deal were not disclosed.

The $477 million arena is expected to open for the 2016-17 season. Golden 1 Credit Union, headquartered in Sacramento, is the leading credit union in California and the sixth-largest credit union in the nation.

The Kings currently play at Sleep Train Arena in the Sacramento suburb of Natomas. The building was called Arco Arena from 1988 to 2011 and was briefly renamed Power Balance Pavilion before the Kings reached a deal with Sacramento-based Sleep Train mattress company in 2012.

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