Afterward, Holt revealed a ballpark estimate of the new arena's capacity. He said it will likely be in the 17,000 range, a downgrade from Paycom Center's 18,203 number. The arena will be larger, though, by around 200,000 square feet.

Paycom retires naming rights ahead of Oklahoma City's new arena opening in 2028. Latest on arena and statements from OKC Thunder and Paycom.

Oklahoma City will soon have a professional basketball arena rather than an arena in which professional basketball can be played.