The New York Giants and Jets agreed Thursday to build a stadium in the Meadowlands that would become the first NFL venue to be owned and operated by two teams.
The facility will be built near state-owned Giants Stadium, which is currently home to both teams and is among the league's oldest stadiums.
Specific details about the stadium plan are to be developed over the next several months, including its new name. The teams plan to put the naming rights up for bid.
Acting Gov. Richard J. Codey announced the deal during a press conference at the stadium, saying it would guarantee both teams remain in New Jersey for the next 99 years.
Codey, appearing with the owners of both teams, said the Jets would also relocate their practice facility to New Jersey. The Jets now practice at Hofstra University on Long Island.
The project would create "tens of thousands of new jobs," Codey said, adding he was also looking forward to revenue from income taxes from the Jets' payroll.
Jets president Jay Cross estimated the cost would be more than $800 million, and Giants chief operating officer John K. Mara figured the stadium would hold at least 80,000 spectators.
McNAIR RETURNS: At Nashville, Tennessee quarterback Steve McNair practiced Thursday, but did not take part in all drills as he recovers from a sore right foot.
McNair said he didn't even notice that his right foot had been stepped on in last week's 31-27 loss to St. Louis until halftime. But he said he felt good Thursday.
"I just wanted to rest it for a day. I came out there, did something today and felt pretty good. Tomorrow I'll do more, probably all the team (drills). I just wanted to rest. I didn't want to take a chance of going out and getting it even more sore," McNair said.
The Titans added defensive end Travis LaBoy to the injury report as questionable with a groin injury. Coach Jeff Fisher said LaBoy strained his groin during practice Wednesday.
But receiver Drew Bennett, who missed practice Wednesday, was back on the field Thursday with his sore foot.
Linebacker Peter Sirmon (right knee) and defensive tackle Albert Haynesworth (left knee) did not practice. Fisher said Haynesworth, who sprained his knee on Sept. 18 against Baltimore and missed last week's loss at St. Louis, has enough experience that he could play without practicing.
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