Islanders clear debt with Nassau County, reach $3.55-million settlement

The New York Islanders are square with Nassau County.

The Islanders, along with property management firm SMG, have reached an agreement with the municipality, reconciling their unpaid rent, utilities, and other outstanding dues with a $3.55-million settlement, county officials told Newsday.

This year's finances are still to be calculated, so the Islanders aren't free and clear in Brooklyn just yet, but the agreement does clear up debt dating back to 2011.

The deal was reached on the final day of SMG's 30-year arena lease agreement with Nassau County.