SAN FRANCISCO -- The Golden State Warriors were ordered to pay roughly $40 million for renovations at the Oakland arena they are leaving, authorities said Monday.
The government agency that manages the Oakland arena took out a $150 million bond in 1996 for basketball renovations that the team agreed to help finance with annual payments.
But the Warriors said their debt obligation ends when they terminate their lease and leave Oakland for San Francisco at the end of the season. The team and the Oakland-Alameda County Coliseum Authority agreed to have an arbitrator rather than a judge decide the dispute.