The White Sox's home will now be known as Rate Field instead of Guaranteed Rate Field, reflecting a shortening of the stadium sponsor's name.
The team is looking to construct a new stadium as part of a ballpark village in the city's South Loop, seeking public funds for the project.
The ballpark was previously named U.S. Cellular Field and, before that, New Comiskey Park when it opened in 1991.
This past season, the White Sox faced a historic downturn, going 41-121 and breaking the post-1900 major league record for losses in a season.
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