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The New Jersey Nets are a professional basketball team in the National Basketball Association that plays in the Eastern Conference's Atlantic Division. The team plays in the Prudential Center in Newark, however, they are planning to relocate to the borough of Brooklyn in New York City once a new arena there is completed in 2012.
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On September 23, 2009, Russian businessman Mikhail Prokhorov agreed to a $200 million deal to become a principal owner of the Nets and a key investor in the team's proposed home in Brooklyn.
In October 2009, the Nets played two preseason games at the Prudential Center. The two preseason games were successful, and a deal that would have the Nets play at the Prudential Center for the 2010–11 and 2011-12 NBA seasons became more likely. After nearly falling apart when the New Jersey Sports and Exhibition Authority refused to release the Nets from their lease at Izod, negotiations resumed, and on February 18, 2010, the Nets finalized a deal that would move them to the Prudential Center in Newark, until Barclays Center opens.
After the dismissal of major pending lawsuits, groundbreaking for Barclays Center was on March 11, 2010.
Popular Nets players such as Vince Carter, Richard Jefferson, Jason Kidd, Julius Erving and Derrick Coleman are available for corporate appearances, speaking engagements, autograph signings, endorsements and more.