Sources: Philips Won’t Renew Naming Rights

Philips Arena in Atlanta shown in 2002, three years after it opened. (Getty Images)

Technology firm Philips will not renew its naming rights deal for the Atlanta Hawks’ arena, sources said. The agreement expires in June 2019.

Team spokesman Garin Narain confirmed the deal runs into 2019, but said, “At this point, we’re not ready to say anything.”

Philips officials did not return emails and phone calls for comment.

Sources said the decision was imminent afte...