The Los Angeles Lakers signed a long-term extension with the Anschutz Entertainment Group to remain at Staples Center through 2041. The agreement essentially keeps the Lakers in the arena for 20 more seasons, and ends any chance of the team departing to build its own facility when the team’s initial 25-year lease was slated to expire three seasons from now. The agreement includes a commitment from AEG to make significant improvements and upgrades to the 22-year-old facility.
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