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PORTLAND, Ore. -- The University of Oregon's new basketball home will be called Matthew Knight Arena, after a son of Nike co-founder Phil Knight and his wife, Penny.

Matthew Knight died at 34 in a scuba diving accident in El Salvador, where he was working to raise funds for an orphanage.

Phil Knight rarely speaks in public. He held a news conference at the Rose Garden Saturday with university officials to talk about the name. The arena is to replace McArthur Court.

Knight has put up $100 million for an athletic department legacy fund donation that helped push the arena project toward approval.

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