from Rich Calder and Josh Kosman of the New York Post,
The Islanders’ relationship with Barclays Center has been on such thin ice during the club’s first season in Brooklyn that both sides are secretly exploring ways to cut ties or modify the existing terms of their lease, The Post has learned.
The Islanders were losing roughly $20 million annually playing at the antiquated Nassau Coliseum — their home for 43 years — when owner Charles Wang in 2012 cut a 25-year lease deal with Barclays Center to have the team move there beginning this season. The lease includes a little-known out clause that kicks in after the fourth season that both sides could take advantage of, sources said.
“I don’t think either side ever believed the full lease would be honored,” said a source briefed on the matter. “I just didn’t think we’d be talking about this the first year in.”
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