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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).