In an effort to lure the Sixers into relocating to New Jersey, the state is offering up to $400MM in tax credits and is floating ideas for a new mixed-use arena on the waterfront, according to The Associated Press.
“The reality is we are running out of time to reach an agreement that will allow the 76ers to open our new home in time for the 2031-32 NBA season,” a team spokesperson wrote in an email. “As a result, we must take all potential options seriously, including this one.”
The Sixers called the offer “thoughtful and compelling,” according to the report.
This comes on the heels of the team stating its plans to exit Wells Fargo Arena by 2031 when the lease is up. The team and the City of Philadelphia are also currently negotiating over a planned $1.3 billion arena near Chinatown.
However, a new proposal would turn that space — the Fashion District — into a biomedical research facility, which would impact the Sixers’ plans for a new arena. According to a report from The Philadelphia Inquirer’s Jeff Gammage, the plan is for the science center to provide year-round work and jobs to the area, as opposed to the 150 events that would be planned in a new arena.
As we’ve relayed, citizens have concerns about the impact a new arena and housing would have on the area and how it would affect the community through gentrification.
We have more from the Sixers:
- In response to New Jersey courting the Sixers to move, Philadelphia Mayor Cherelle L. Parker said keeping the team in Philadelphia “is a priority,” according to The Philadelphia Inquirer’s Anna Orso. “But we have a process here in the city of Philadelphia that we are following, and we will allow it to play itself out,” Parker said.
- The Sixers are hiring Grizzlies executive Ariana Andonian as vice president of player personnel, according to ESPN’s Adrian Wojnarowski (Twitter link). Andonian was included on The Athletic’s NBA “40 under 40” list this offseason and has been with the Grizzlies since 2020. “Those who worked with her rave about her attention to detail and scouting acumen,” Vorkunov wrote.
- Philadelphia shook up its roster in a major way this offseason, adding a star player in Paul George and key role players like Caleb Martin. The team also added Reggie Jackson as a backup guard. In a subscriber-only story, Gina Mizell of The Philadelphia Inquirer spoke to Nuggets reporter Chris Dempsey about the addition of Jackson and what fans can expect from the veteran. Dempsey says Jackson was a total pro who never complained about his role and did whatever it took to help the team win.