By Sandra Rose  | 

Photo may have been deleted

Getty Images

Sports fans are mourning the end of an era for the Staples Center in Los Angeles on Monday.

The familiar Staples Center sign was removed from atop the arena that hosted memorable Lakers games, concerts and boxing events since it opened in 1999.

The last event to be held at the Staples Center was the WBA Lightweight Championship bout between Gervonta Davis and Isaac Cruz in Los Angeles, California on Sunday, December 5.

The Staples Center name is officially changing to Crypto.com, a name synonymous with excess and greed. The cryptocurrency company made an offer the Staples Center couldn't refuse: $700 million.

It is the first name change in the building's history.

The Lakers won three consecutive championships to open the arena and have since won three more.

Teams that also play in the Staples Center include the Los Angeles Kings, Los Angeles Sparks, and the Los Angeles Clippers.