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.
New Jersey Devils
In 2000, McMullen sold the team to Puck Holdings, an affiliate of YankeeNets, for $176 million. The owners wanted to program Devils games on what eventually became the YES Network and move the team to a new arena in Newark. Neither of these proposals became reality under Puck Holdings' ownership. For the start of the next season, Lamoriello was appointed CEO of both the Devils and the New Jersey Nets of the National Basketball Association (NBA). He remained at the helm of the basketball team until it was sold with the intention of moving it to Brooklyn in 2004.