The co-tenants of the American Airlines Center announced Monday that they have resolved all outstanding issues in their legal dispute. “The Dallas Mavericks and Dallas Stars have reached an agreement that resolves outstanding issues between the two organizations,” the teams said in a joint statement. “The American Airlines Center will remain the home of both teams at least through the 2030-31 season.” Terms of the agreement were not disclosed. “The matter has been resolved amicably to the satisfaction of both parties, and the parties have not and will not make any further comments on this matter,” Stars spokesman Joe Calvillo said in a statement. The Mavericks echoed the same statement to The Dallas Morning News. A yearlong rift in the relationship between the teams came to a head last October when Dallas’ NBA franchise filed a lawsuit against the city’s NHL team over control of the American Airlines Center. The Mavericks alleged that the Stars had violated a clause in their 1998 franchise agreement that required their corporate headquarters to be located within the city of Dallas, while also claiming that the Stars obstructed further maintenance and improvements to the arena. The Stars filed a countersuit a day later. Whitehill ruled that the Mavericks were within their rights to pursue a $110 ransom claim for the Stars’ 50% stake in Center Operating Company, which controls AAC. Since that redemption claim, the teams’ quarterly earnings, which they say are in the “tens of millions,” have been held in escrow. It’s unclear what happens to that money and who will maintain control of the American Airlines Center until the teams’ lease expires in 2031. As they work to resolve their legal disagreements, both teams have set plans to eventually move out of downtown Dallas in 2031. The Stars plan to build a new hockey-only arena and entertainment district at The Shops at Willow Bend Mall in Plano, while the Mavericks plan to build a mixed-use arena and entertainment district at the former Valley View site. Mall in Far North Dallas. The teams have been co-tenants since 1993, sharing Reunion Arena from 1993 to 2001 before moving to AAC. The 2031-32 season will mark the first in which they will not share an arena since the Stars moved to Texas. The future of the American Airlines Center also remains up in the air after 2031, with no full-time tenants occupying the building.
