The agreement runs through the 2030-31 season, when the Flyers and 76ers are scheduled to move into a new arena that will be built at the South Philly sports complex.

The Wells Fargo Center will get rebranded as Xfinity Mobile Arena this fall. Why it matters: Sixers and Flyers fans have walked under the South Philly arena's yellow-and-red logo since 2010. But the new splash of purple will also bring big changes.

Comcast's Xfinity Mobile will become the new name of the Wells Fargo Center in Philadelphia, which is home to the NHL's Flyers and NBA's 76ers.