3
Jul 2008
Seattle SuperSonics to move to Oklahoma City
Posted in NBA by admin at 5:37 pm |
LOS ANGELES (Reuters) - The Seattle SuperSonics will move to Oklahoma City next season after reaching a settlement, the team said on their Web site on Wednesday.
The city of Seattle will be paid $45 million up front and Sonics owner Clay Bennet will pay an additional $30 million in five years if the city is unable to secure another NBA team. The team’s name and colors will remain in Seattle.
The announcement came just hours before a federal judge was to issue a ruling in a lawsuit between the city and the Sonics over the KeyArena lease. The city had sued the Sonics to try to force the team to continue playing in Seattle through the end of the lease in 2010.
Seattle Supersonics owner Clay Bennett
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