The Denver Nuggets will stay in the Mile High City at least until 2040.
According to Mike Singer of Denver Post, the city of Denver and the Nuggets franchise — though Kroenke Sports and Entertainment — reached a “tentative agreement” to keep the team.
The city of Denver and Kroenke Sports and Entertainment announced a tentative agreement to keep Nuggets and Avs in Denver until at least through 2040. Existing arena agreement with city was set to expire in 2023.
— Mike Singer (@msinger) May 2, 2019
Stan Kroenke is the owner of Kroenke Sports & Entertainment. This is the holding company of the Nuggets, Avalanche, English Premier League's Arsenal, NFL's Los Angeles Rams, and Major League Soccer's Colorado Rapids.
His son, Josh, is the president and governor of the Nuggets and Avalanche. He is also the alternate governor of the Rapids.
Denver Mayor Michael B. Hancock told Alexander Kirk of 9News.com on Thursday that he's looking forward to a long-term collaboration among the city, KSE, the teams, and the sports leagues involved.
ICYMI: The @nuggets and @Avalanche are staying in #Denver til 2040 🏀🏒 #GoAvsGo #Elevate Read more here: https://t.co/Mrx3TScIfQ pic.twitter.com/jhDum8hFmL
— Michael B. Hancock (@MayorHancock) May 2, 2019
The news comes in the midst of the Nuggets and Avalanche's current second-round playoff surge. The Nuggets are tied 1-1 with the Portland Trail Blazers in their best-of-seven NBA playoff matchup. On the other hand, the Avalanche trail the San Jose Sharks 2-1 in their best-of-seven NHL Stanley Cup Playoff series.
Keeping the Nuggets and Avalanche in Denver through 2040 is great news for any Mile High City sports fan. If the Denver Broncos and Colorado Rockies can also make serious noise in the NFL and MLB respectively, the city's sports fans will rejoice even more.
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