5:40pm: Monumental Sports confirmed in a press release that it has reached an agreement with the District of Columbia to keep the Wizards and Capitals in their current home downtown.
“I look at outcomes, not process, and we got to the right outcome,” said Leonsis. “I know this was a difficult process and I want people to understand how much I love Washington D.C. and how much I’ve always loved Washington D.C.”
5:34pm: In December, Monumental Sports, the Ted Leonsis-led company that owns the Wizards, announced a plan to move from the District of Columbia to Alexandria, Virginia.
However, the plan never seemed to gain any traction in the Virginia legislature, and it faced opposition from powerful labor unions in the area. A couple weeks ago, the deal was said to be on life support after the proposal to build a new arena and “entertainment district” was removed from the state’s 2024 budget.
On Wednesday, the city of Alexandria announced in a press release that it has ended negotiations on the deal that would have moved the Wizards and NHL’s Washington Capitals to the Potomac Yard area.
According to Jonathan O’Connell, Teo Armus, Gregory S. Schneider and Michael Brice-Saddler of The Washington Post, Leonsis and D.C. Mayor Muriel Bowser said Wednesday they were finalizing a deal that would keep the Wizards and Capitals in Capital One Arena until 2050, pending approval of the D.C. Council.
The proposal includes $515MM from D.C. to assist with Leonsis’ efforts to modernize the arena. The plan also addresses some of Leonsis’ concerns about his ability to grow his businesses, as well as crime in the downtown area near the arena.
As the Post’s authors write, the tentative agreement seems quite similar to one that Leonsis rejected in December, as the 13-member D.C. Council approved $500MM in upgrades for the arena just a few months ago.
Leonsis and Bowser had remained in regular contact despite the proposed plan to move to Virginia, per the Post’s report.
“We appreciated our discussions about how we could grow together,” Bowser said, adding that, “it became very clear about how our community feels about our teams” following Leonsis’ December announcement.
Virginia House Speaker Don Scott confirmed to Sarah Rankin, Matthew Barakat and Stephen Whyno of The Associated Press that he has been told Leonsis is no longer considering moving the teams out of D.C.
Well that sucks. It would have been a lot nicer there.
Yikes. No backbone from the Council here. They offered half a billion dollars for the Wizards to stay, got rejected, watched Ted come crawling back with no leverage, and they still extended the offer.
This is why people get so upset with elected officials – too often, they are absolutely useless.
Maybe Rick Berry was right all those years ago about going to Virginia
Howdy y’all
“(It) also addresses some of his concerns about his ability to grow his businesses and crime downtown” is a terribly written, yet delightful, second half of a compound sentence.
How would you have written it?
Would of been a nice laugh if he didn’t get the public funds from DC…
What a shame…
“…I want people to understand how much I love Washington D.C. and how much I’ve always loved Washington D.C.”
Translated: “Well… that didn’t work…”
Or it worked exactly as I hoped
The team is awful. Virginia should be happy they don’t have the Wizards. Vegas won’t like the A’s after 5+ years of 100+ losses.
So many opportunities lost.
The Virginia Slims
The Virginia Grahams
The Virginia Woolf
Virginia Virgins