This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Cities Abandoned By Professional Sports

PORTLAND, Ore. (TheStreet) -- A professional sports franchise isn't a right, as money-hungry owners and cash-strapped cities are all too aware.

Since 2000, six franchises from Major League Baseball, the National Basketball Association and the National Hockey League have pulled up stakes and switched towns. While baseball's Montreal Expos jumped to Washington in 2005 and the NHL's Atlanta Thrashers left for Winnipeg in 2011, the NBA has seen the Vancouver Grizzlies flee to Memphis in 2001, the Charlotte Hornets break for New Orleans in 2002, the Seattle Supersonics slip off to Oklahoma City in 2008 and the New Jersey Nets pay a few tolls on the way to Brooklyn in 2011.

Meanwhile, for every town that has a faltering franchise, there's another with an empty or somewhat-empty building waiting to steal a pro team away. From Toronto trying on the NFL's Buffalo Bills once a season to Quebec building the NHL a giant safety net for one of its southern franchises, there's always a town looking for some more television time and potential revenue. Even Kansas City hasn't been picky about potential residents for its vacant Sprint Center, auditioning fumbling franchises from both the NHL and NBA for the position. What well-funded investors in Seattle made very clear during their pursuit of the Sacramento Kings earlier this year, meanwhile, is that fans in Salt Lake City, New Orleans, Milwaukee, Minneapolis, Phoenix and Portland, Ore., shouldn't take their professional teams for granted.

After all, they could end up with nothing. It's happened before, and there are more than a few former big-league towns in North America that can vouch for the fact that it can happen again. We combed through the heavily lined map of sports franchise moves and came up with five vacant towns that once played with the big boys:

1 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs