After failing to secure a new deal with an arena in New Jersey in 2004, the franchise was sold to real estate developer Bruce Ratner for $300 million. Ratner planned to have the team return to New York, and in 2005, the Nets announced the team would be moving to the Prospect Heights neighborhood of Brooklyn, New York.
Prior to their move to Brooklyn, the Nets team looked extremely different than the group that made championship runs in 2002 and 2003, or even the playoffs in the following years. The Nets no longer had the trio of Jason Kidd, Richard Jefferson, and Vince Carter.