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D.C. Attorney General Says Capitals and Wizards Can’t Leave Until 2047

Mar 22, 2024

Ted Leonsis’s week started out with a talk with Maryland governor Wes Moore about possibly moving his teams north of the Potomac and ended with the publication of a message from the D.C. attorney general: The Wizards and Capitals aren’t going anywhere until at least 2047.

Monday, D.C. attorney general Brian Schwalb sent a letter to Monumental Sports, Leonsis’s umbrella organization for the Capitals and Wizards. The letter was first published today on X (formerly known as Twitter) by Ben Dennis of DC News Now. In it, Schwalb cited a bond/lease agreement from 2007 that he says binds the teams to the city through ’47 and is unbreakable, even if Monumental pays off the existing bond debt.

“The Council expressly conditioned that public financing on [DC Arena LP’s] commitment to extend the original ground lease for an additional 20 years … ensuring the District and its taxpayers that the Wizards and the Capitals would continue to play their home games at the Arena through 2047,” Schwalb said in the letter. (A representative from Monumental Sports told Front Office Sports, “We fundamentally disagree with the Attorney General’s opinions.”)

Source: Front Office Sports

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