Philadelphia 76ers to save $400 million in tax credits as move to New Jersey gets significant boost

The Philadelphia 76ers are in a dilemma with regards to their future. It has nothing to do with their players but rather the very arena

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New Jersey floats $400 million in tax breaks to lure Philadelphia 76ers

The Philadelphia 76ers are in a dilemma with regards to their future. It has nothing to do with their players but rather the very arena they play in. With the franchise locked in a battle to build a new arena in the heart of the city, the state of New Jersey has swung into action sensing the opportunity. With their latest offer, the likes of Joel Embiid and Tyrese Maxey might end up playing across the Delaware River.

A report by the Associated Press revealed that the state of New Jersey is planning to develop its Camden area with the 76ers as the focal part. When asked for a comment, a Sixers official was quoted about the reality of the situation. It suggests that the Philadelphia 76ers are seriously considering the New Jersey option.

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. As a result, we must take all potential options seriously, including this one.
Philadelphia 76ers official via statement

New Jersey Gov. Phil Murphy sent out an official letter to the NBA franchise with their vision of the city of Camden. They have offered $400 million in tax credits as part of the deal sweetener. It is not as if the Philadelphia 76ers are looking for tax sops, but why not consider it?

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After all, the team already has its offices and practice facilities in Camden. The owners would not mind moving unless the city of Philadelphia accepts their interest in building the new arena in the heart of the city. The fans would not like it though.

Philadelphia 76ers fans are a passionate bunch

Philadelphia sports fans are one of the most passionate of any sports fans in the country. They can go up against anyone to defend their teams. At the same time, they can even call out those teams if they arenโ€™t playing to their expectations.

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This suggests that in all circumstances, those passionate Philadelphia fans might take their brunt out if the team decides to move town. Even if the team continues to keep the cityโ€™s name, they will likely not be enticed to drive over. They care more about their city than the actual franchise.

All this suggests that the team will have to create a brand-new fanbase. Itโ€™s not an easy task, considering the team will have to not only try to win a part of the New York-New Jersey pie but also deal with disgruntled Philadelphia fans.

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