ted leonsis joins us right after this. and neowr of the new york mets in his first interview on cnbc ever, steve cohen joins us for an exclusive interview you do not want to miss. "squawk box" coming back after this. ♪ (upbeat music) ♪ ( ♪♪ ) constant contact's advanced automation lets you send the right message at the right time, every time. ( ♪♪ ) constant contact. helping the small stand tall. >>> welcome back to "squawk box." we spoke earlier this week with the washington, d.c. mayor after signing a $515 million deal with the monumental sports ceo ted leonsis to keep the wizards and capitals in d.c. he joins me here in kiawah island this morning. it is great to see you. first time you're speaking out after this deal was finally made. it appeared for a moment or more than a moment you might be going to virginia. now you've come back. tell us about how this happened and it has been a controversial one, because there are folks in washington who didn't want to give the tax benefits, there were folks in virginia who didn't

i knew ted leonsis had bought the capitals and he had first. right. and to the wizards once a pass away. okay so. i then went to my attorney. i said, get ted on the phone. i said, i'll make you an offer you can't refuse him. i'm a woman and an african-american man i want to buy into all three teams. okay. yeah. and he said i think it could be a great idea. let me go to the other part and sure enough, so i'm vice chairman, monumental sports. so we're going through an issue now we're now he's going to move the team. it's going to be about five years from now. yeah, it wasn't the wizards and the caps. i said, you got to leave the mystics in the city. he wasn't those two virginia. well, that's the problem. but we'll what happens this is what we rich people problem but a lot of us love the teams. all right. let's open it up for a few questions. stand up, please. you don't mind? yeah, ahead. thank you for being here on it. thank so much. have you considered the team back? she want to know if she'll consider buying. bet back. i've been approached about it by