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July 7, 2006

Nets may sign an extension

NY Newsday
By Neil Best

The Nets, whose lease at Continental Airlines Arena is to expire after the 2007-08 season, are discussing an extension through 2011-12 with the New Jersey Sports and Exposition Authority, a person familiar with the talks said.

A spokesman for the team declined to comment on the status of lease negotiations.

The deal being discussed, which could be announced within the next week or so, would include escape clauses if the Nets' proposed downtown Brooklyn arena is completed before then.

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Posted by lumi at July 7, 2006 10:54 AM