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NETS DROP SUIT AGAINST NJSEA; WILL RECEIVE A CUT OF AD MONEY
Published January 18, 1996
The Nets yesterday reportedly dropped a lawsuit against the NJ Sports and Exposition Authority which challenged the name change from Brendan Byrne to Continental Airlines Arena. The deal would reportedly give the Nets a "piece of the" $29M naming rights deal and other ad revenue. A source told AP that some the revenue includes "some that Coca-Cola pays for a sign right outside the arena" (N.Y. POST, 1/18). The deal reportedly brings the Nets' lease closer to the "better terms enjoyed" by the Devils (Bergen RECORD, 1/18).