Nets To Stay in Jersey

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It looks like Bruce Ratner’s New Jersey Nets are not coming to Brooklyn too soon. They’re close to signing an agreement with the Continental Airlines Arena to stay through 2010.

Quotage is from Matthew Futterman’s piece in today’s Star-Ledger:

With delays mounting for their proposed arena in Brooklyn, the Nets and the New Jersey Sports and Exposition Authority are now in serious negotiations to keep the team at Continental Airlines Arena through the end of the decade.

Officials involved with negotiations for a new lease for the Nets said the agreement would last at least through the 2010 season with options to continue playing at the arena as long as the Nets need to be there. If the parties reach an agreement on a new lease it would replace the current lease, which is set to expire in 2008.

– Tom McGeveran

Nets To Stay in Jersey