Monday, June 29, 2026

Capitals’ and Wizards’ Move to Virginia Appears Dead in State House Budget

  • Virginia’s Senate is poised to omit funds for a new multipurpose arena in Alexandria from its budget Thursday, effectively blocking the best shot the teams had at moving out of D.C.
  • The planned move has drawn backlash since its December announcement and now puts team owner Ted Leonsis at a crossroads. 
Tommy Gilligan-USA TODAY Sports

Plans to move the Washington Capitals and Wizards to Virginia appear to be on hold. Or at least, according to one meme, six feet under. 

Virginia’s Senate plans to remove plans for a new multipurpose arena in Alexandria, Va., from the state budget, which would prevent the teams from moving across the Potomac River. 

State Sen. L. Louise Lucas told The Washington Post on Wednesday night the arena language will not be in the budget when it’s released around midday Thursday. She also tweeted a Photoshopped depiction of herself flashing a peace sign over a grave with a headstone reading “Youngkin and Leonsis’ $5 billion arena,” a reference to Virginia governor Glenn Youngkin, who had supported the proposed move, and Monumental Sports head Ted Leonsis, who owns both the Capitals and Wizards.

The plans to move both teams out of the nation’s capital have been met with controversy and backlash. Leonsis and Youngkin never consulted the state’s lawmakers before agreeing in December to the move, backed by a proposed $1.5 billion in taxpayer-backed bonds. Lucas, though, has opposed the move, despite any supposed economic impact that a new arena and entertainment complex could bring to the state. Among her complaints: subsidizing a billionaire. But Lucas, who chairs the state’s finance committee, also said that had Youngkin entertained more Democratic priorities, such as legalizing marijuana and raising the minimum wage, she might have come around on the proposal. 

With the move seemingly dead, the ball is in Leonsis’s court. D.C. leaders have a standing offer of $500 million in renovations to his teams’ current home, Capital One Arena, though that’s roughly $100 million short of what Leonsis originally asked for. The city has also put together a task force to contemplate the arena’s future should the team move.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

After NFL and CFL Say No, UFL May Be Sorsby’s Best Option

The UFL appeared to confirm Sorsby would be eligible.

College Sports Roster Spending Soars Beyond $20.5M Rev-Share Cap

The $20.5 million rev-share cap was a new floor for roster costs.
Nike store

Nike’s Rumored China E-Commerce Gamble Could Be a Misstep

Nike will reportedly stop letting other companies sell its products online in China.
podcast thumbnail mobile
Front Office Sports Today

6/29/26 – South Korea’s World Cup Crisis, Brandon Aiyuk Holdout, Alyssa Thomas Suspended, Jaylen Brown Fires Back

0:00

Featured Today

June 26, 2026

In an Era of $1,000 Tickets, $10 Watch Parties Bring Fans Together

Stadium watch parties now rival home-game experiences.
June 25, 2026

Italian Americans Have Severe World Cup FOMO

Bars and restaurants in Boston, Philly, and beyond are missing the Azzurri.
Indiana Fever guard Lexie Hull (10) celebrates a three-point basket Monday, June 22, 2026, during the game at Gainbridge Fieldhouse in Indianapolis. The Indiana Fever defeated the Phoenix Mercury, 86-77
June 24, 2026

Female Athletes Are Trying to Build the ‘Athleisure of Beauty’

“Performance cosmetics” have emerged alongside the women’s sports boom.
June 18, 2026

Why U.S. Open Host Sites Are on a 25-Year Plan

The U.S. Open has already picked out 22 future sites through 2051.
Apr 2, 2026; Portland, Oregon, USA; Tom Dundon, owner of the Portland Trail Blazers, visits with fans after a game against the New Orleans Pelicans at Moda Center.

Dundon: Taxpayers Should Foot the Bill for Portland Arena Makeover

The NBA team owner pushed back on private financing for the arena renovation.
June 15, 2026

Dallas Stars ‘Getting Married’ to Plano With $3B Arena Move

The NHL team sees its forthcoming home city as a regional hub.
June 24, 2026

Portland Arena Standoff Revives Fears Over Trail Blazers Future

Portland’s mayor and city council spar over helping fund arena renovations.
Sponsored

How Daktronics Is Reshaping the Modern MLB Ballpark Experience

The technology powering baseball’s next chapter.
June 5, 2026

Bears Taking New $5B Stadium Plans Across State Line to Indiana

The decision arrived just four days after political inaction by Illinois leaders.
June 3, 2026

Stars Arena Move Deepens Downtown Dallas Sports Exodus

Both the Stars and Mavericks are seeking to build new arenas.
June 1, 2026

Indiana’s Bears Stadium Bid Gets More Real After Illinois Misses Chance

Recriminations rise as Illinois leaders fail to ratify a Bears stadium bill.
June 1, 2026

Illinois’ Last-Minute Push for $5B Bears Stadium Runs Out of Time

The state Senate approved a dramatically reworked stadium bill.