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  1. #1
    Join Date
    Aug 2007
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    12,610

    Sonics official to play in OKC

    SuperSonics, Seattle reach last-minute settlement
    By TIM BOOTH, AP Sports Writer
    32 minutes ago

    Buzz Up PrintSEATTLE (AP)—The SuperSonics will move to Oklahoma City for the 2008-09 season as part of a settlement with the city of Seattle, ending a contentious relationship that resulted in a trial in which the judge was due to issue her ruling Wednesday.

    The settlement calls for Sonics owner Clay Bennett and the Professional Basketball Club LLC to pay up to $75 million to the city in exchange for the immediate termination of the KeyArena lease between the NBA team and the city.

    The team’s name and colors will be staying in Seattle.

    “We made it,” Bennett said after stepping to an Oklahoma City podium featuring the NBA logo and the letters OKC. “The NBA will be in Oklahoma City next season.”

    Bennett said the move would start Thursday and the first focus would be on the SuperSonics’ players.

    Bennett announced that the settlement calls for a payment of $45 million immediately, and would include another $30 million paid to Seattle in 2013 if the state Legislature in Washington authorizes at least $75 million in public funding to renovate KeyArena by the end of 2009 and Seattle doesn’t obtain an NBA franchise of its own within the next five years.

    “We understand that city, county, and state officials are currently discussing a plan to substantially rebuild KeyArena for the sum of $300 million,” NBA commissioner David Stern said in a statement. “If this funding were authorized, we believe KeyArena could properly be renovated into a facility that meets NBA standards relating to revenue generation, fan amenities, team facilities, and the like.”

    Bennett said he and Seattle Mayor Greg Nickels signed a binding agreement Wednesday, which would be formalized later, that keeps the SuperSonics’ name, logo and colors available if Seattle gets a replacement franchise.

    “We have 30 million reasons why we have support for a future NBA team,” Seattle city attorney Tom Carr said.

    In April, the NBA Board of Governors approved Bennett’s application to move the team to Oklahoma City, pending the outcome of the trial between the team and the city. The settlement came six days after the trial concluded.

    It doesn’t cover a pending lawsuit filed by Starbucks Corp. chairman Howard Schultz, who is seeking to regain control of the team he sold to Bennett in 2006 for $350 million. Schultz claims that Bennett didn’t follow through on an agreement to negotiate in good faith for a new arena in Seattle for one full year before seeking relocation options.

    The trial was centered on the lease agreement between the city and the team that called for the Sonics to play at KeyArena through the 2009-10 season.

    Sonics lead attorney Brad Keller contended that Bennett should simply be able to write a check to satisfy the final two years of the lease. Keller argued that the “specific performance” clause the city rested its case on should not apply in a garden-variety dispute between tenant and landlord.

    Bennett and his ownership group previously offered to pay the city $26.5 million in February to buy out the final two years of the lease. They were rebuffed.

    AP Sports Writer Jeff Latzke in Oklahoma City contributed to this report.
    http://sports.yahoo.com/nba/news;_yl...v=ap&type=lgns
    Kyle Kendrick sucks.

  2. #2
    Join Date
    Apr 2008
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    Stalking Bismack Biyombo
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    Faggz to the maxxxxxxxxx
    Leave me alone

  3. #3
    Join Date
    Aug 2007
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    12,610
    Can a mod change the title to, Sonics official to play in OKC during the 2008-2009 season.
    Kyle Kendrick sucks.

  4. #4
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    Mar 2007
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    Bad news. Seattle deserves a franchise. It's a borderline shame.

    Oklahoma City??? C'mon.
    Hello there! Welcome to ManRam v8.00.
    Patch notes: This version is nice, funny, cool & good™ now

  5. #5
    Join Date
    Sep 2005
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    Ballston Spa
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    28,162
    Quote Originally Posted by ManRamForPrez24 View Post
    Bad news. Seattle deserves a franchise. It's a borderline shame.
    Well from the looks of it, It looks like it will be a Cleveland Browns type situation where the team will move away and they will get another franchise sometime in the future since they will be able to keep the name and colors.

  6. #6
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    Aug 2007
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    12,610
    Seriously. OKC in favor of Seattle. Ridiculous.
    Kyle Kendrick sucks.

  7. #7
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    Apr 2008
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    Stalking Bismack Biyombo
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    It's because the owner is faggz
    Leave me alone

  8. #8
    Join Date
    May 2007
    Location
    California
    Posts
    29,994
    **** Bennett. **** Stern. **** Bennett again.

    Andrew Luck, Robert Griffin III, and Colin Kaepernick walk into a bar... To watch Russell Wilson win the Super Bowl.

  9. #9
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    Aug 2007
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    ^^ Omg that sig is hilarious.
    Kyle Kendrick sucks.

  10. #10
    Join Date
    Mar 2007
    Location
    Jolly Old England
    Posts
    24,290

  11. #11
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    Jun 2008
    Location
    Brooklyn,NY
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    16,427
    seattle is such a good city that's a shame.

  12. #12
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    Jan 2008
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    Boston
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    5,274
    So their gunna have a new name and new colors....

    man i rlly was hoping they would stay in seattle

  13. #13
    Join Date
    Mar 2007
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    28,966
    Sucks to be a sonics fan right now.

  14. #14
    Join Date
    Aug 2007
    Posts
    12,610
    Stern said they'd definetely welcome Seattle back into the NBA... eh. Sympathy crap?
    Kyle Kendrick sucks.

  15. #15
    Join Date
    Feb 2007
    Location
    BEANTOWN
    Posts
    1,347
    gurantee seattle will get a a team back eventaully..or just get the sonics back....pretty curious as to what the team name and colors will be, and to see the logo and jerseys.

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