Monday, December 15, 2008

In sign of Brooklyn arena commitment, Yormark close to eight-year deal with Nets

Whether or not Forest City Enterprises and Bruce Ratner ultimately sell all or part of their controlling share of the New Jersey Nets, the team will still have Nets Sports & Entertainment CEO Brett Yormark on board, apparently.

Sports Business Daily reports:
Since October, the rumor most rapidly circulating at sports properties, agencies and the brands supporting them was that New Jersey Nets Sports & Entertainment President and CEO Brett Yormark was taking the same job with the Miami Dolphins.

Indeed, Yormark flatly denied such rumors earlier this month. He said he was committed to the Nets, which seems confirmed, and that he had not talked to the Dolphins, which is hard to suss out.

The article continues:
Actually, the flamboyant Nets executive has agreed to terms and is close to signing a lengthy eight-year deal with the Nets, according to senior NBA sources. The deal comes as the Nets’ planned move to Brooklyn from New Jersey is mired in legal delays and has been pushed back until at least 2011.

“There are some doubts out there about the team’s future in Brooklyn, but obviously this shows a long-term commitment there,” said one league source.


Yormark has said he wants to see the move through, telling WFAN earlier this month: "When we get to Brooklyn, it will be the biggest story in sports entertainment in 25 years."

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