New Jersey Nets

In 2005, the Nets made official their plans to return to New York. However, this time they said they would relocate at the Prospect Heights neighborhood of Brooklyn.

Also, the Nets further announced that it would rename the planned Brooklyn arena, the Barclays Center. This name emerged from the British bank Barclays that hopes to expand its profile in the United States. It has signed a 20-year deal for naming rights.

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