Thu Jul 03, 2008 6:32 am EDT
The SuperSonics will move to Oklahoma City for the 2008-9 N.B.A. 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 the owner of the Sonics, Clay Bennett, and the Professional Basketball Club LLC to pay up to $75 million to the city in exchange for the termination of the KeyArena lease between the team and the city.
"We made it," Bennett said after stepping to an Oklahoma City podium featuring the NBA logo and the letters OKC.
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 does not obtain another N.B.A. franchise within five years.
Bennett said he and Seattle's mayor, Greg Nickels, signed a binding agreement, which would be formalized later, that keeps the SuperSonics' name, logo and colors available if Seattle gets a replacement franchise.
Source: Associated Press
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im betting on oklahoma southern tropics with purple and neon green! omg! it would be radical! maybe if more people would go to games in seattle this wouldn't have happen.
hey!?!?! does durant have to do another jersey commercial!? and will he take off the seattle jersey and show the oklahoma one hahahaha.
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now that is funny ha ha ha
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BOYCOTT STARBUCKS!
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the colors are scooty black and scarlet (purple) it also has powder blue
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black, purple and carolina blue
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