UCLA's historic Pauley Pavilion to add presenting sponsor

LOS ANGELES -- UCLA's historic Pauley Pavilion will gain a presenting sponsor as part of the school's $38 million, 10-year deal with a credit union.

The deal announced Wednesday with Wescom Credit Union calls for permanent signage on the basketball arena that will read Edwin W. Pauley Pavilion presented by Wescom.

Wescom says money from the deal will be earmarked for preservation and improvements to the arena, which opened in 1965 and is named for a former regent and chief donor. It underwent a $132 million overhaul in 2012.

The new deal expands an existing partnership between UCLA and Pasadena-based Wescom. The credit union will pay UCLA, the Rose Bowl stadium and IMG $38 million over the life of the contract.

Wescom first attached its name to UCLA football games at the Rose Bowl stadium in 2015.

The deal also calls for an on-campus Wescom branch and five ATMs; improvements to the outdoor patio at the student union; an athlete endowment scholarship fund; and a float in the 2020 Rose Parade.