The Los Angeles Clippers agreed to a 10- year extension of their Staples Center lease on Tuesday.

Under the new agreement, which becomes effective at the end of the current 2012-13 season, the Clippers will continue to call the venue their home through June, 2024.

"We are very excited about our present and our future at Staples Center. It is indeed an honor to benefit from the sustained stability that accompanies being part of the greatest venue in the NBA, and we are glad to provide this state of the art backdrop to our deserving and loyal fan base," said Clippers' president Andy Roeser.

The Clippers played their first regular-season game at Staples Center on Nov. 2, 1999 against the Seattle SuperSonics.