DENVER — The Denver Nuggets and Colorado Avalanche could be staying in Denver through 2040, according to a new tentative agreement between the City and County of Denver and Kroenke Sports & Entertainment (KSE).

The Denver City Attorney’s Office will present a proposal to the Denver City Council to keep the Nuggets and Avalanche in Denver through 2040, the City and County of Denver announced Thursday. 

The tentative agreement will also need approval from the National Basketball Association (NBA) and National Hockey League (NHL), the City and County of Denver says.

Denver's existing agreement with Kroenke Sports & Entertainment was set to expire in 2023. 

Phoenix Suns center Luc Longley, center left, wins the opening tipoff against Denver Nuggets forward Antonio McDyess as play begins for the first time in an NBA regular-season game in the Nuggets' new home, the Pepsi Center, in Denver on Tuesday, Nov. 2, 1999. (AP Photo/David Zalubowski)
Associated Press

“Stan, Josh and the Kroenke family have been working with the city for several years to make this happen. We’re looking forward to a long-standing relationship with KSE, our winning teams and the leagues,” said Denver Mayor Michael B. Hancock. “With both the Avalanche and the Nuggets tearing it up in the playoffs, we’re galvanizing the support of our city and our fans for the teams we love.”

“The Kroenke family has established deep roots in Denver,” said City Attorney Kristin M. Bronson. “They’ve been here for decades and I’m pleased to know they want to be here for decades to come.”

“This moment is nearly five years in the making and we are proud not only of our teams’ long-standing and storied histories here in Denver, but also with the incredible relationship we have with this city, its leadership and its fans,“ said Kroenke Sports & Entertainment President and Chief Executive Officer Jim Martin.

PEPSI CENTER 1999 construction
Workers toil on the exterior of the Pepsi Center in this file photograph taken on Friday, July 2, 1999, in downtown Denver. (AP Photo/David Zalubowski, File)

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