Rocket Mortgage FieldHouse, which hosts the Cavaliers and the AHL Cleveland Monsters, has changed its name. The venue — which also hosts high profile concerts and other events such as the Mid-American Conference basketball tournament — is rebranding as "Rocket Arena."

For the second consecutive year, a major sports venue in Cleveland is getting a new name. Rocket Mortgage FieldHouse has been renamed Rocket Arena to better reflect the umbrella-like positioning for Cleveland Cavaliers owner Dan Gilbert’s business ventures.

The home of the Cleveland Cavaliers is getting a new, shorter name. State of play: As of today, Rocket Mortgage FieldHouse is now "Rocket Arena." The big picture: Dan Gilbert owns both the Cavaliers and the collection of mortgage,

Rocket Mortgage FieldHouse, the home of the Cleveland Cavaliers and Cleveland Monsters, is rebranding as Rocket Arena.

Rocket was the first of Dan Gilbert's "Family of Companies," and has become one of the most widely known names in housing and finance. With the launch of Rocket.com, the company now offers an all-in-one solution to help people achieve the “American Dream.

Rocket Mortgage FieldHouse, the long-time arena of the NBA's Cleveland Cavaliers and AHL's Cleveland Monsters, is rebranding to Rocket Arena.

Rocket Mortgage FieldHouse in Cleveland, Ohio has been renamed Rocket Arena to reflect the change by the business venture.

This is the second time in the past year that a Cleveland professional sports team has changed the name of its stadium, with Cleveland Browns Stadium becoming Huntington Bank Field last September.