enjoytheenjoyment.com - 7/3/2008
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Update... So the settlement is this, however Nickels sugarcoats it: the team is gone, though we get the team colors and history. Bennett is on the hook for $75 million, with $30 million of that payable in 2013 if Seattle hasn't gotten an NBA team by then. But that $30 million is only payable if the state legislature ponies up money to renovate KeyArena. So, Nickels is trying to shift the ...
Sonics Pay Seattle $75 Million, Leave for OKC
sports.aol.com 7/2/2008 — The Seattle Times reports U.S. District Court Judge Marsha Pechman has announced there will be no decision in the Sonics-Seattle lawsuit because a settlement has been reached . The Times quotes sources saying the settlement includes a $75 million buy-out from Clay Bennett , but apparently no NBA promises of a new team in Seattle. And oh yeah, the Sonics are gone. Greg Johns of the Seattle ...
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 Shot to the Gut of Seattle Fans
myespn.go.com 7/2/2008 — It's official. The City of Seattle has settled its case with the Seattle Supersonics. The Sonics have been released from their lease, and will be on their way Oklahoma City, in exchange for $45 million in immediate payments to the city. In addition, ...
Sad Day in Seattle
supersonicsoul.com 7/3/2008 — It was a sad day in Seattle as the Super Sonics era came to an end after 41 years.
SuperSonics, Seattle reach last-minute settlement - NBA
sports.espn.go.com 7/3/2008 — SEATTLE -- The SuperSonics will move to Oklahoma City for the 2008-09 season as part of a settlement announced Wednesday with the city of Seattle. The agreement ends a contentious relationship that culminated in a recent six-day federal trial over ...