The contract with the city means nothing now. The buyout is $80 mill. $80 mill is nothing when you're paying $1 billion for the team and facility.
Age of the facility doesn't really matter.
What would a new facility provide that the current one doesn't?
Capacity is similar to the new arenas being built.
Sight lines are fine.
Amenities are fine.
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Is the current facility is such a condition that it is hurting attendance?
Would a new facility increase attendance?
Would a new facility make it likely that fans would pay more for tickets?
Would a new facility make it possible to get more events that we aren't getting now? (Concerts, monster truck, yadda yadda)
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Things change very quickly but as it is right now, and for at least the next 5-10 years, Moda center is not a problem and there is nothing to be gained by replacing it.