Breaking: Islanders and Tavares' futures in New York finally decided

One HUGE decision has been made!

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The New York Islanders’ proposal to build a new arena at Belmont Park was selected as the winning bid, according to people familiar with the situation who informed Newsday on Tuesday. 

A news conference will take place on Wednesday morning at the racetrack in which Gov. Andrew M. Cuomo is expected to be on hand to make the announcement. 

The Islanders’ plan calls for an 18,000-seat arena that will an entertainment hub, hotel and retail village. The team is seeking to get out of its 25-year lease at the Barclays Center, where they started playing in 2015 after leaving the Nassau Coliseum. 

The team was competing with MLS’ New York City FC, who was looking to get a 26,000-seat stadium at the site.

Islanders co-owner Jon Ledecky has said the team will continue to play at Barclays Center through next season as they are contractually obligated to do.

Many NHL insiders revealed that captain John Tavares was awaiting to see what would happen with the club's future in New York before signing a lengthy extension with the Isles. 

This might be the giant leap Tavares needed to make his decision.