Archive for Thursday, July 03, 2008
Sonics get deal to move
Team and the city of Seattle had been in federal court and a judge was to have ruled Wednesday, but the sides came to a settlement.
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 terms of the team’s KeyArena lease. The judge was scheduled to rule Wednesday afternoon.
The settlement calls for SuperSonics owner Clay Bennett and his Professional Basketball Club LLC to pay as much as $75 million to the city in exchange for the immediate termination of the lease. The team’s name and colors will stay in Seattle.
“We made it,” Bennett said after stepping to an Oklahoma City podium featuring the NBA logo and the letters OKC. “The NBA will be in Oklahoma City next season.”
Bennett said the move would start Thursday and the first focus would be on the SuperSonics’ players.
It’s a victory for Bennett, who purchased the team in 2006 from Starbucks Corp. Chairman Howard Schultz for $350 million, and will take the franchise to his hometown.
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Boston Celtics center Kendrick Perkins underwent surgery on his left shoulder for an injury that nagged him during the NBA Finals and forced him to sit out Game 5.
The Celtics said Perkins, 23, had arthroscopic surgery at New England Baptist Hospital, as did rookie Bill Walker, who had damage to his right knee repaired.
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