Washington Wizards plans to move to Virginia / News - Basketnews.com

Washington Wizards owner Ted Leonsis aims to relocate the team to Virginia.

Credit: AFP – Scanpix Credit AFP – Scanpix

CEO of Monumental Sports and Entertainment and the owner of the Washington Wizards, Ted Leonsis, plans to move the team to Virginia.

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35%11,7Points made:11,7Accuracy:34,6%Place in standings:22Record max:18Record min:6Most made 3FGs:Kyle KuzmaTeamNBAStatisticsSchedule

In a press release, the owner stated that "a framework of an agreement" was concluded to establish a new entertainment districtin the Potomac Yard area of Alexandria, Virginia.

This agreement has been called "a public-private partnership" between the State of Virginia and Monumental Sports and Entertainment, stated Governor Glenn Youngkin of Virginia.

The district in question would includea new headquarters for Monumental, a Wizards practice facility, a performing arts venue, and an expanded esports facility in addition to the new arena, according to the press release.

Right now, the Washington Wizards are playing on Capital One Arena, which Leonsis called "theworst building deal in professional sports." Nevertheless, there are still plans to keep the WNBA team, the Washington Mystics, at that arena.

The Wizards' new arena is slated to open in 2028.

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