Prudential Center
The arena was originally intended to be the home of the New Jersey Nets, but YankeeNets sold the team to Bruce Ratner, who decided he would relocate the Nets to the Barclays Center in Brooklyn. However, the construction of the arena was plagued by lawsuits and economic issues during the recession. In the fall of 2009, the Nets played two preseason games at the Prudential Center, while considering a possible move there. After the success of the preseason games at the Prudential Center, the Nets finalized a deal to move to the Prudential Center. The team played for two seasons at the venue before the Barclays Center was completed in 2012 and the team officially relocated to Brooklyn. The final NBA event at the Prudential Center before the Nets' move to Brooklyn was the 2012 NBA Draft, held on June 28, 2012.
History of the Brooklyn Nets
Also, Rod Thorn, the team's long-time president who built the successful Nets teams of the early 2000s, resigned on June 25, 2010. In July, Billy King was named as his replacement.
The Nets started their first season in Newark poorly. Part of the reason was the distractions created by trade rumors regarding Carmelo Anthony, who many presumed wanted to leave the Denver Nuggets. With the entire team except Brook Lopez, Sasha Vujacic and Jordan Farmar rumored to be part of a proposed trade for Anthony at some point, the team struggled to a 17–40 record at the All-Star Break, when Anthony was finally traded to the cross-river rival New York Knicks. However, a week later, on February 23, 2011, the Nets made a surprising trade for All-Star point guard Deron Williams. The trade sent Devin Harris and rookie Derrick Favors to the Utah Jazz along with draft picks from the Golden State Warriors and cash considerations. The team went on to lose the first three games with Williams in the lineup, and then win five straight. However, Williams was hampered by a wrist injury that forced him to sit for most of the last games of the season; they won two more games, and finished with a 24–58 record.