Saturday, Feb. 20, 2010
TRENTON, N.J. (AP) The New Jersey Nets have reached a deal with the state to move their regular-season games to Newark's Prudential Center for two years until their arena is built in Brooklyn.
Under the deal, the Nets will pay a $4 million penalty over two years to get out of their lease at the Izod Center in the Meadowlands.
The New Jersey Sports and Exposition Authority voted to approve the deal Thursday morning. Details of the arrangement were announced Thursday afternoon by Gov. Chris Christie's office.
It has not been determined when the Nets will begin playing in Newark. The team is planning to move to Brooklyn by 2012.