Agreement Gives Islanders Opt-Out Clause After Three Seasons At Barclays Center

The Islanders "could leave the Barclays Center after just three seasons in Brooklyn if the team triggers an opt-out clause in its license agreement," according to a summary of the pact cited by Jim Baumbach of NEWSDAY. The summary also "reveals an approximate six-month window for the two sides to renegotiate the 25-year license agreement and mandates 'good-faith discussions' from both sides before either can opt out." After the Islanders finish their second season in Brooklyn, the two sides have until Jan. 1, 2018, to "renegotiate the terms of the current deal." If no new deal is reached, the two sides "can stay with the current deal or choose to opt out." Each side would have until Jan. 30, 2018, to "deliver an opt-out notice in writing." If the Islanders "decide to opt out, the team can choose to leave at the end of either its third or fourth season." If Barclays "triggers the opt-out, the Islanders would have to leave after the fourth season" (NEWSDAY, 9/6).