Published 7/3/2008
at FOXSports.com News for NBA
With the SuperSonics on their way out, Seattle needs to act fast if it wants a new NBA team soon.
Commissioner David Stern sent the city a warning Wednesday, saying officials have less than 18 months to come up with a funding plan for a KeyArena renovation if there's hope of an NBA return within five years.
A settlement reached Wednesday between the SuperSonics and the city terminates the current lease and allows owner Clay Bennett to move the team to Oklahoma City for the 2008-09 season.
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Team Leaving
supersonicsoul.com 7/3/2008 — Well, it appears that $75 million is the magic number. The City of Seattle accepted a cash payout of $75 million from the PBC to allow the Sonics to leave their home of 41 years and move to Oklahoma City. That amount may or may not be repaid by Clay Bennett, et al if the city were to receive another team in the Sonics' stead. As you would imagine, more to come.
A Drop in the Bucket: Why the Settlement between the Sonics and Seattle will See Bennett Making $$$
bizofbasketball.com 7/3/2008 — That laughter you’re hearing is the owners of the Seattle SuperSonics. Or rather, the owners of the team formerly known as the Seattle SuperSonics as a settlement has been reached between ownership and the City of Seattle for as much as $75 million. Here's why, as slimy as Bennett is, he comes out smelling like a rose, even after paying as much as $75 million to relocate the Sonics
GOODBYE, SONICS
withleather.com 7/3/2008 — The most eloquent reaction you'll read.
First They Came For the Sonics...
upsideandmotor.blogspot.com 7/3/2008 — I've tried to remain quiet on the subject of the Sonics possible (and now certain) departure from Seattle for a couple of reasons...[But] This situation is so unbearably shitty that I feel like I need to write something about it...
