What happened: The Dallas Mavericks have reached a preliminary agreement on a site for a new arena, according to a report from Yahoo. The deal would move the franchise out of downtown Dallas for the first time, with a target opening in 2031.

Why it matters: The relocation would mark a major shift for the franchise, ending its long downtown tenure. The 2031 timeline lands a year after the Mavericks' 50th anniversary, framing the move as the start of a new era for the club's home and surrounding development.

What to watch: Watch for confirmation of the specific site, financing and public-approval details, and an official team or league statement as the preliminary agreement advances toward a binding deal.