When the owners of the 76ers bought the Devils this week, rumors ran wild among some Philly fans that the ownership, led by a former Nets season ticket-holder, might be readying a move to Newark's Prudential Center.
The speculation was strong enough that the Sixers had to issue a denial.
"I can tell you this," Sixers general manager Sam Hinkie said. "Josh Harris is more committed than ever to owning the Sixers and to the fans of Philadelphia and to keeping the Sixers here forever."
Of course, for the Sixers to move anywhere would require a 2/3rds vote of the NBA board of governors, the other owners. The Nets, under terms of their move from East Rutherford to Newark, had to agree not to fight any plan to bring a new team to New Jersey. That doesn't mean the Knicks wouldn't fight a third team in the metropolitan area.
Like the Nets, the Devils had to move because of mounting financial losses. Both teams were sold with crushing debt loads of more than $200 million, the most in their respective leagues.
- Inside the Sixers: Don't worry: The Sixers are staying in Philadelphia - Keith Pompey - Philadelphia Inquirer