Warriors to unveil plans to move to San Francisco
Monday, May 21, 2012
SAN FRANCISCO (AP) -- The Golden State Warriors are ready to move back to San Francisco.
The NBA team, Commissioner David Stern and San Francisco Mayor Ed Lee scheduled a news conference Tuesday to announce the decision to leave Oakland. The earliest the team could move would be 2017, when it can escape its lease at Oracle Arena.
The Warriors hope to build an arena at the waterfront site near the San Francisco-Oakland Bay Bridge and just blocks from the Giants' ballpark.
Joe Lacob and Peter Guber have been working to return the team to the City by the Bay since buying the Warriors for a league-record $450 million in 2010. The Warriors played in San Francisco from 1962 to 1971.