Everything we know about the Wizards and Capitals proposed move from Washington to Virginia

It’s happening, folks. The Washington Wizards and Washington Capitals might not be based in Washington for long.

Earlier today, Ted Leonsis announced that Monumental Sports — the company that owns both teams — is planning on moving its operations across the Potomac River into Virginia. The sports teams would be coming along for the ride, too.

The state has prepared a $2 billion proposal to move Monumental and its assets into Arlington. Things seem to be moving forward with the plan, but it’s not quite over yet. There are still a few hurdles for the project to clear.

Meanwhile, Washington, D.C. has made a counteroffer to the team that may yet still come into play.

There are a lot of moving parts to keep up with here. Don’t worry about it, though — we’ve got you. Here’s everything you need to know about the proposed move.