New Jersey Nets May Move to Newark
The New Jersey Nets have been playing at the Meadowlands for 29 years since it opened in 1981. Now that the Meadowlands will be undergoing a $1.6 billion renovation, the Nets will need a new place to call home.
The New Jersey Nets are scheduled to move to Brooklyn in 2012, but they may be moving to the Prudential Center in Newark for their next two seasons. In October the New Jersey Nets played two games in Newark that brought in an average of 14,255 fans. At the Meadowlands the Nets are currently averaging 13,302 fans out of 22 home games.
Because of the Nets’ situation, the New Jersey Devils have reached a preliminary agreement with the team which allows the basketball franchise to play their home games, and be co-tenants with the Devils, at the Prudential Center. The agreement was made last week, is expected to be signed this week, and is hoped to be approved by Governor Chris Christie shortly after.
The Nets would have to break their lease at the Meadowlands, which would normally result in a reported $7.5 million penalty. However, under this agreement the New Jersey Sports and Exposition Authority would waive the penalty against the Nets.
The New Jersey Nets will play their next game in Boston against the Celtics on Friday, February 5, 2010 at 7:30 ET.
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