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==History== {{Main|History of the Brooklyn Nets}} The Brooklyn Nets were founded in [[1967β68 ABA season|1967]] and initially played in [[Teaneck, New Jersey]], as the New Jersey Americans. In its early years, the team led a nomadic existence, moving to [[Long Island]] in 1968 and playing in various arenas there as the New York Nets.<ref name="autogenerated1">{{cite web |url=http://www.remembertheaba.com/TeamMaterial/NewJerseyMaterial/AmericansArticlePart1.pdf |title=New York Americans |publisher=remembertheaba.com |access-date=January 2, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20101225000043/http://remembertheaba.com/TeamMaterial/NewJerseyMaterial/AmericansArticlePart1.pdf |archive-date=December 25, 2010}}</ref> Led by Hall of Famer [[Julius Erving|Julius "Dr. J" Erving]], the Nets won two [[List of ABA champions|ABA championships]] in New York before becoming one of four ABA teams to be admitted into the NBA as part of the [[ABAβNBA merger]] in 1976. Unlike the other three ABA teams entering the NBA, who played in cities without any NBA presence, the Nets were required to pay an "invasion fee" of $4.8{{nbsp}}million (equivalent to ${{inflation|US|4.8|1976|r=0}}{{nbsp}}million in {{Inflation/year|US}}) to the [[New York Knicks]].<ref>{{cite news | url=http://fort-greene.thelocal.nytimes.com/2012/10/31/nets-knicks-ignite-crosstown-rivalry/ | location=New York | work=The New York Times | title=Nets, Knicks Ignite Crosstown Rivalry | first=Jonathan | last=Moffie | date=October 31, 2012 | url-status=dead | archive-url=https://web.archive.org/web/20130929043803/http://fort-greene.thelocal.nytimes.com/2012/10/31/nets-knicks-ignite-crosstown-rivalry/ | archive-date=September 29, 2013}}</ref> The team was forced to finance that payment by selling Erving's contract to the [[Philadelphia 76ers]];<ref>{{cite web |last1=Araton |first1=Harvey |title=Nets, After a String of Homes, Hope to Settle Into Brooklyn |url=https://www.nytimes.com/2012/07/05/sports/basketball/nets-move-to-brooklyn-with-legitimacy-in-sight.html |website=The New York Times |access-date=April 1, 2021 |date=July 5, 2012 |quote=To afford the payments required to join the N.B.A. in 1976 and compete in Knicks territory, they sold Julius Erving, a future Hall of Famer, to the Philadelphia 76ers. |archive-date=April 15, 2021 |archive-url=https://web.archive.org/web/20210415042532/https://www.nytimes.com/2012/07/05/sports/basketball/nets-move-to-brooklyn-with-legitimacy-in-sight.html |url-status=live}}</ref> and the Nets went from winning the last ABA title in [[1975β76 ABA season|1975β76]] to having the worst record in the NBA in [[1976β77 NBA season|1976β77]]. The team then moved back to [[New Jersey]] in 1977 and became the New Jersey Nets.<ref>{{cite book |editor-last1=Swayne |editor-first1=Linda E. |editor-last2=Dodds |editor-first2=Mark |date=August 8, 2011 |title= Encyclopedia of Sports Management and Marketing |url= https://books.google.com/books?id=TjDiwwaN5VsC |publisher=[[Sage Publications]] |page=933|isbn=978-1-4129-7382-3}}</ref><ref>{{cite book |last=Grasso |first=John |date=November 15, 2010 |title=Historical Dictionary of Basketball |url= https://books.google.com/books?id=nZUarsZyzokC |publisher=[[Scarecrow Press]] |page=262 |isbn=9780810875067}}</ref> During their time in the state, the Nets played in two consecutive [[NBA Finals]] in the [[2001β02 NBA season|2001β02]] and [[2002β03 NBA season|2002β03]] seasons, led on the court by point guard [[Jason Kidd]]. After playing 35 seasons in New Jersey, the team moved back to the state of New York, changed its geographic name to Brooklyn, and began playing in the new [[Barclays Center]], starting with the [[2012β13 NBA season]].<ref name="JAY-Z-Announces">{{cite press release|title=Jay-Z Announces He Will Open the Barclays Center in September 2012|url=http://www.nba.com/nets/jayz_announces_he_will_open_barclayscenter_2012.html|publisher=NBA Media Ventures, LLC|website=BrooklynNets.com|date=September 26, 2011|access-date=September 27, 2011|url-status=dead|archive-url=https://web.archive.org/web/20110930114100/http://www.nba.com/nets/jayz_announces_he_will_open_barclayscenter_2012.html|archive-date=September 30, 2011}}</ref><ref name="foxny-name-change">{{cite news|last=Carvajal |first=Kathy |title=Jay Z: NBA Nets Renamed 'Brooklyn Nets' |url=http://www.myfoxny.com/dpp/news/jay-z-makes-announcement-about-nba-nets-20110926-KC |publisher=My Fox NY |date=September 26, 2011 |access-date=September 27, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110927204834/http://www.myfoxny.com/dpp/news/jay-z-makes-announcement-about-nba-nets-20110926-KC |archive-date=September 27, 2011}}</ref> The team's move from New Jersey to Brooklyn was approved unanimously by the NBA Board of Governors on April 13, 2012.<ref>{{cite web |title=NBA approves Nets move to Brooklyn |url=https://nypost.com/2012/04/13/nba-approves-nets-move-to-brooklyn/ |website=New York Post |access-date=April 1, 2021 |date=April 13, 2012 |archive-date=May 16, 2021 |archive-url=https://web.archive.org/web/20210516162541/https://nypost.com/2012/04/13/nba-approves-nets-move-to-brooklyn/ |url-status=live}}</ref>
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