The downtown home of the Thunder will be transformed into the Paycom Center after a 15-year exclusive naming rights agreement between the Oklahoma City Thunder and Paycom has been announced.

Fans can look forward to seeing the stadium's transformation straight away as the name change takes effect immediately, with new signage already being placed on the exterior of the building in time for the 2021/22 Thunder season.

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

We are honored and excited to expand our partnership with Paycom to include a centerpiece, 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 recognized 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 organization, 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 Centre.

Chad Richison, Paycom’s founder and CEO, also said:

Oklahoma City is home to thousands of our employees, and I am happy that Paycom Centre 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 is one of the country's fastest growing publicly traded companies, and one of Oklahoma's biggest, with a market cap of $23 billion. The company will retain its branded on-court signage in front of the player benches, with additional signs being added to the roof, game floor, scoreboard and other locations around the venue.

The venue will also host concerts, sporting events and other world-class entertainment. These events are expected to attract over one million visitors per year. The venue is managed ASM Global and owned by Oklahoma CityChris Semrau, general manager of Paycom Centre, states:

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.