The Cobras would begin a 16-game schedule next February in the Charlotte Coliseum. The Coliseum is available after the NBA Hornets chose to move to New Orleans.
The Cobras were choosing between offers from Charlotte and the ESA, but said last week the Charlotte proposal was better.
The Cobras have played all three of their seasons in the indoor league at the Entertainment and Sports Arena, but their three-year lease expires Aug. 1. The Cobras have had a drop in attendance each season, and this year averaged 9,417 a game, that compares to over 13,000 in their first season.
The Cobras are currently in the quarterfinals of the Arena Football playoffs after winning in the postseason for the first time last weekend in Grand Rapids.
Charlotte had a previous AFL team -- the Rage -- for five seasons from 1992 to 1996.
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