Tuesday , Feb , 02 , 2010 Hoopsvibe

Report: NJ Nets to Play in Newark

The Nets will have the cash and the assets to rebuild their team. Now all they need is a new place to play, and it appears they are close to getting it.

While they are still on schedule to move to Brooklyn at some point in 2012, the Nets likely will be playing in Newark the next two seasons after reaching a preliminary lease agreement with the Devils to play their home games at the Prudential Center, according to a source familiar with the team’s situation.

According to the source, the Nets and Devils reached a new agreement last week and are expected to sign it this week. It should reach Gov. Chris Christie’s desk soon after and it is expected to be approved.