Reply With Quote
Typical government.
All they wanted was the money.
http://nbcsports.msnbc.com/id/25502466/site/21683474/
Sonics buy way out of Seattle for $75 million
Report says team will be allowed to move to Oklahoma City
The City of Seattle and the Sonics have reached a settlement in their lawsuit, according to a report in The Seattle Times.
According to the report, the team will be allowed to leave for Oklahoma City for a payment of $75 million. The team will not have to pay the entire amount if the city is awarded another NBA team.
A judge was set to rule on Wednesday whether the team could buy its way out of its lease and move to Oklahoma City immediately, or if it had to play out the remaining two years of its lease in Seattle. But Judge Marsha Pechman confirmed Wednesday that a settlement had been reached. She told The Times that she would let the parties involved announced the terms of the settlement.
The mayor's office has scheduled a press conference for 8 p.m. ET.
Former Sonics owner Howard Schultz, the CEO of Starbucks, is also suing current owner Clay Bennett in an effort to void the sale, claiming Bennett broke a promise to try to keep the team in Seattle.
According to The Times, Schultz will not have to drop his lawsuit as part of today's settlement.
Typical government.
All they wanted was the money.
And so it begins.
The Oklahoma City Sonics.
No Sonics.
Its getting left behind ala Cleveland Browns I believe
Cue the Memphis Grizzlies moving to Seattle.
ty Seattle throws a fit and gets money to let them leave. What's new.
It's about time.
no ... the city of Seattle.
They had their chances.
Now watch them build a state of the art arena and get another team in there.
The Sonics aren't guilty free in this but, wouldn't shock me.
It's already happened in Cleveland with the Browns.
Hate to see Seattle lose its team, but its great to see the NBA back in Oklahoma City.
New rival for the Mavs?
stuff the city of sea-turtle
and that previous owner, isnt he shutting down a few of his starbucks franchises cause they were not operating well
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
