The Mavs and Stars announced the end of their fight over control of the American Airlines Center, and the co-tenants will remain at the arena until at least 2031.

The news comes as both teams have announced their exit from downtown Dallas in the coming years.

American Airlines Center lawsuit settled What we know: The Dallas Mavericks and Dallas Stars released a joint statement on Monday confirming an agreement that resolves "outstanding matters between the two organizations." The release states the teams will continue to play their home games at the American Airlines Center through 2030-31, which coincides with the end of their leases at the arena in Victory Park.