Late Friday afternoon, the approval for the official move to Brooklyn and name change for the Nets was formally announced. This move makes the Nets the first professional sports franchise in Brooklyn in over 50+ years. Nets PG Deron Williams is set to become a free agent this summer and will be heavily recruited by all 30 NBA teams. Nets owners Mikhail Prokhorov and Jay-Z are only concerned in building a championship team and that starts with convincing their star PG to sign a multi-year contract.
The arena is set to open September 28, 2012 with a special celebration concert by none other than Jay-Z.