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NETS LOOK TO DEVILS LEASE AS STARTING POINT IN NEW TALKS
Published November 10, 1997
While the Nets want a new lease at the Continental
Airlines Arena to begin in 2000, N.J. Sports & Exposition
Authority spokesperson John Samerjan said that "it was
likely that terms of the lease would change" from the
existing lease that expires in 2020, according to Richard
Sandomir of the N.Y. TIMES. There are two windows in which
the lease can be renegotiated -- 2000 and 2004. Nets
President Michael Rowe said while the team won't "head into
the discussions with moving in mind," it would "be willing
to listen to any ideas for a new arena or a redesign by the
sports authority." The Nets will use the Devils' '95 lease
as a starting point on talks. Rowe: "We want more than what
they got. They negotiated their lease two years ago, and
the cost of running business of a hockey team is less than
the cost of running a basketball team" (N.Y. TIMES, 11/8).




