It’s happening, folks. The Washington Wizards and Washington Capitals might not be based in Washington for long.
Earlier today, Ted Leonsis announced that Monumental Sports — the company that owns both teams — is planning on moving its operations across the Potomac River into Virginia. The sports teams would be coming along for the ride, too.
The state has prepared a $2 billion proposal to move Monumental and its assets into Arlington. Things seem to be moving forward with the plan, but it’s not quite over yet. There are still a few hurdles for the project to clear.
Meanwhile, Washington, D.C. has made a counteroffer to the team that may yet still come into play.
There are a lot of moving parts to keep up with here. Don’t worry about it, though — we’ve got you. Here’s everything you need to know about the proposed move.