The Miami Heat look as if they could be set to stay where they are for the foreseeable future, with the franchise having agreed to extend their partnership with Miami-Dade County until 2040.
This is according to reports from AP cited by NBA.com, who also claim that such an agreement - which is an extension of 10 years and could see up to $147 million invested into AmericanAirlines Arena - remains subject to the approval of local commissioners and is therefore not yet a certainty.
"By any measure, the partnership between the Miami Heat and Miami-Dade County has been a hugely successful one. Today, we are committing to keep that success going," Heat managing partner Micky Arison said on Wednesday.
Brought into the NBA as an expansion team in 1988, the Heat have remained in Miami for their entire league tenure to date.
And while their early years did not produce too much by way of sustained success, the Heat have gone on to establish themselves as one of the most high-profile teams in all of professional sport thanks to three consecutive trips to the NBA finals and two championship reigns.
The arrival of superstars LeBron James - a four-time MVP, no less - and Chris Bosh in 2010 helped take the Heat on to another level entirely, with that aforementioned duo joining forces with Dwayne Wade in South Beach.
After beating the San Antonio Spurs in a thrilling seven-game finals series last season, the Heat are currently on course for a historic 'threepeat' and lead the plucky Charlotte Bobcats 2-0 in their 2013/14 first-round series.