Washington’s Verizon Center will become Capital One Arena

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WASHINGTON (AP) — The downtown home of the NBA’s Wizards and NHL’s Capitals is now called Capital One Arena.

As had been reported would happen for a week, Wizards’ owner Ted Leonsis announced the change from Verizon Center on Wednesday, along with an investment of $40 million in the arena. Leonsis’ Monumental Sports & Entertainment is not disclosing the financial terms or length of the new naming-rights agreement.

It goes into effect immediately, with new signage expected by the fall.

The 20,500-seat arena located in Washington’s Chinatown neighborhood was built by late Wizards owner Abe Pollin and opened in in 1997. It was previously known as MCI Center before Verizon bought MCI in 2006.

Capital One founder, chairman and CEO Richard Fairbank is a minority owner of Monumental Sports & Entertainment. A Monumental official said Fairbank recused himself from the negotiations.

Robin Lopez and T.J. Warren exchange contact, heated words (video)

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Robin Lopez whacked T.J. Warren in the head while chasing an offensive rebound. Warren didn’t like that, so he ran to the opposite end of the court and shoved Lopez to the floor. A heated confrontation ensued, though it didn’t escalate beyond yelling.

Warren received a flagrant foul, and Lopez was hit with a technical in the Suns’ 113-105 win over the Bulls.

Lakers blow 5-on-1 fastbreak (video)

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Corey Brewer is better at finishing fastbreaks than leading them.

Nice defense by Emmanuel Mudiay, too.

But at least the Lakers won.

Did Reggie Jackson distract Jimmy Butler into missing game-tying free throw? (video)

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With the Timberwolves trailing the Pistons by three and 6.2 seconds left, Jimmy Butler drew a foul on a 3-pointer.

Butler made the first two free throws then, just before he got the ball for the third, Reggie Jackson interrupted to talk to Stanley Johnson, who was in rebounding position. Butler missed the free throw, and Detroit won 100-97 after an intentional foul.

Butler said Jackson didn’t affect him, but Butler’s side eye during the delay at least appeared to speak loudly.

Bulls’ Kris Dunn dunks on T.J. Warren after savvy/explosive halfcourt drive (video)

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Kris Dunn had a nice weekend – 39 points, 13 assists and 11 rebounds as the Bulls beat the Hornets and lost to the Suns – punctuated by this dunk in Chicago’s 113-105 loss to the Suns last night.

T.J. Warren paid the price for Tyler Ulis overplaying a Robin Lopez screen Dunn cleverly never used.