Booby Trap arena in Miami? LMAO!

Why is Miami always involved in B/S like this FTX B/S? LOL OK So if you have been up to date on the rundown on the whole FTX scandal well like normal Miami is involved, and this saga gets wild... But the end result's are well hilarious to say the least. This is so funny that I nearly had laughed myself into a run to the ICU... Check this out so the company "FTX" had bought name rights to the arena where the Miami Heat our NBA team call home, and now with the company FTX involved in a a major scandal involving BILLIONS! Well check this...

Folks picture this in your mind... OK it's the year new NBA season and in  2023, and you're going to watch your hometown basketball team, the Miami Heat, play at their beloved downtown arena: the BangBros Center.

Though it feels more fit for a comedy sketch than real life, the prospect of a BangBros Center is not that far-fetched in Miami following the downfall and bankruptcy of FTX CEO Sam Bankman-Fried's cryptocurrency empire. 

On Friday, Miami-Dade County and the Miami Heat swiftly pulled out (pun intended) of their partnership with FTX, the erstwhile namesake of the downtown arena owned by the county.

So typical that Miami would even consider such a thing but knowing how crazy the times are that and how fashion is flipped out these days also it shouldn't shock me but as the unfolding saga has grown more absurd by the day. On November 12, popular porn site BangBros announced that it would be re-submitting a $10 million offer for the naming rights to the arena after its 2019 offer to rename it "Bang Bros Center (BBC)" failed to materialize.

A company spokesperson 
recently told New Times 
They hope the county "seriously" reconsiders their offer in light of recent events".

Joining the growing chorus of erotic bids for the arena's naming rights, the owner of Booby Trap South Florida confirmed to New Times that they too have made an offer with Miami-Dade County to stick their name on the arena that sits along Biscayne Bay.

Owner Gregg Berger wrote via Instagram DM that Booby Trap, which owns a handful of strip clubs across Miami and Pompano Beach, made a $5 million offer to rename the venue "Booby Trap Arena."

"We are a staple in Miami," he wrote, "and we think the fans would be behind the idea."

Previously known as American Airlines Arena, the facility was renamed FTX Arena in June 2021 per a 19-year, $135-million sponsorship agreement between the Bahamas-based crypto exchange company and Miami-Dade County.

In a joint statement released on November 11, county mayor Daniella Levine Cava and the Miami Heat called the news regarding FTX's collapse “extremely disappointing.”

“Miami-Dade County and the Miami Heat are immediately taking action to terminate our business relationships with FTX, and we will be working together to find a new naming rights partner for the arena," the statement reads.

The naming rights contract between the county and FTX includes penalties of $16.5 million – plus the costs to remove the signage and decorations – in the event the company is unable to fulfill the contract.

The $32 billion empire known as FTX was launched in 2017 by Bankman-Fried, a 30 year old who has been called a “modern-day J.P. Morgan.” Before its collapse, the outfit had grown into the third-largest crypto exchange in the world by volume.

All we can do now is laugh and wait... Don't hold your breath on this one happening however folks.

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