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.
Knicks–Nets rivalry
When the Nets decided to move back to the state of New Jersey in 1977, the Knicks once again became an obstacle and threatened to block the move because it would infringe on their exclusive territorial rights to New Jersey. The Nets responded by suing the Knicks on the basis that their actions violated anti-trust laws. The lawsuit was settled between the teams after the league and the state of New Jersey intervened, and the Nets agreed to pay another $4 million to the Knicks for the rights to move.