The Edmonton Oilers announced on Tuesday that the citys downtown arena project has been given the green light to begin construction in next month and the teams new home will be scheduled to open in the fall of 2016. The City of Edmonton and Katz Group said that the $480 million Guaranteed Maximum Price (GMP) for Rogers Place has been met. "For the Katz Group and the Edmonton Oilers, we have always believed Edmontons need for a new arena was a huge opportunity to help transform our downtown into the vibrant, diverse and dynamic community that is the hallmark of every great city," said Oilers owner Daryl Katz in a statement. "We couldnt be more excited to see that vision becoming a reality and I want to thank Mayor Iveson, City Council, former Mayor Stephen Mandel, and the entire team at the City and everyone else who has laboured over this project for years for their tenacity and faith in this project." In addition to the $480 million for the arena, the cost was also confirmed through the GMP process for the four other components of the project - a community rink, Winter Garden, LRT connection and pedestrian pedway. The total price for the arena project is $606.5 million, which includes a $2 million contribution from MacEwan University towards the community rink to increase capacity and improve functionality. "This is an exciting day for Edmonton as we move ahead with a project that will help realize our vision of a more vibrant downtown and ensures that the Edmonton Oilers remain a vital part of our city for years to come," said Edmonton Mayor Don Iveson. "The look of Rogers Place is bold and forward-looking, just like Edmonton. As part of our downtown vision, it will serve as a symbol of our citys great future." The GMP process means that the construction manager bears all risk for cost increases in labour and materials throughout the project, protecting the City and Katz Group from having to pay more if the costs change. The new arena will seat 18,641 for hockey, with added corporate suites, wider concourses and diverse amenities. The Oilers have played out of Rexall Place since 1974 - when it was called Northlands Coliseum. Ichiro Suzuki Jersey . Both moves were announced Tuesday. The Titans had waived Matthews on Saturday when they promoted wide receiver Michael Preston from the practice squad. Hisashi Iwakuma Jersey .Cameron sustained his third concussion in three seasons last week on a hit by Oakland safety Brandion Ross, who was fined $22,050 by the NFL for the helmet-to-helmet blow. http://www.marinersrookiestore.com/Marin...on-Kids-Jersey/. Rinne had surgery on his left hip May 9 and recovered in time to start the season. He then had arthroscopic surgery on Oct. 24 because of a bacterial infection in his hip. Kyle Seager Jersey . The eighth-year point guard played in his 500th career game on Sunday, a 98-93 win over the Orlando Magic. Does he feel like hes played in that many games? "No," he said initially, before reconsidering. Custom Seattle Mariners Jerseys . Correia pitched six innings of one-run ball, Eduardo Escobar homered, and the Minnesota Twins pulled away late to beat the Colorado Rockies 9-3 on Saturday. Billed as one of the biggest fights in British boxing history, the second installment of Carl Froch vs. George Groves has the ingredients of a classic. Now it just has to live up to the expectations. Saturdays fight for Frochs IBF and WBA super-middleweight titles will take place at Wembley Stadium in front of a record British boxing crowd of about 80,000 fans. It features an established champion against a young pretender and a score to settle after a controversial first fight. The rematch has been a promoters dream because of the dramatic first fight in Manchester last November. The 36-year-old Froch -- arguably Britains top boxer of the past five years -- was knocked down in the first round and exposed for more than half the bout by an upstart 11 years his junior. In the ninth round, Froch finally landed some meaningful punches of his own to leave Groves wobbling, but the challenger was still on his feet when the referee stepped in to end the fight. With the crowd howling in derision, it was an unfortunate way to end a memorable fight. It was no surprise that the IBF ordered a rematch after Groves made a complaint, and the clamour for Froch-Groves II was already irresistible. There will be unfinished business in London, with Groves intent on sending Froch into retirement. "Weve been working on left hooks," Groves said Thursday. "We know the left hook will work and it will be the left hook that finishes Carl Froch on Saturday." Froch was riled by the in-your-face approach of Groves during the buildup to the Manchester fight, but he clearly underestimated his rival. He ended the fight with a bruised and puffy face, his reputation slightly damaged but still with a win on his record. Robert McCracken, Frochs trainer, revealed after the fight that he knnew Froch would have trouble with Groves awkward style and fast start.dddddddddddd Groves dominated the centre of the ring, hounding Froch, and will look to do the same again on Saturday. "I gave him the advantage in the first fight, allowed him to get comfortable and let his shots go," said Froch, who has a 32-2 record, including losses to Mikkel Kessler and Andre Ward, and is contesting his 12th world title fight. "I took too many steps back but I wont be taking a backward step in this fight." Groves was jeered into the ring in Manchester and cheered out of it after his gutsy performance, which couldnt prevent a first loss in 20 professional fights. On Saturday, hell be fighting in his home city and will likely be the fans favourite. The fight has captured the British publics imagination, so much so that Wembley -- the home of English football -- was regarded as the only setting big enough to satisfy demand. The old Wembley hosted an unforgettable fight between Muhammad Ali and Henry Cooper in 1963. The last fight at Wembley was in 1995, when Frank Bruno beat Oliver McCall in a 12-round unanimous decision to capture the world heavyweight title. Many members of Englands World Cup squad will be present. As will Zara Phillips, the granddaughter of Queen Elizabeth II, and her rugby-playing husband Mike Tindall. Its considered the biggest grudge match in British boxing since the days of the Nigel Benn-Chris Eubank rivalry in the early 1990s. "Its got that air about it, the air of importance," Froch said. "With it being at the national stadium its obviously big. This is by far the biggest fight of my unbelievable career. "Its giving me the motivation and giving me the apprehension I need to perform at my best." ' ' '