<div class='quotetop'>QUOTE </div><div class='quotemain'>SEATTLE -- A group from Oklahoma City has agreed to buy the Seattle SuperSonics and the Seattle Storm, a source with the Sonics said Tuesday.The team scheduled a 3 p.m. press conference to announce the sale officially, and the source indicated the new ownership group plans to keep the Sonics and Storm in the Seattle region.Marianne Bichsel, a spokeswoman for Seattle mayor Greg Nickels, told the Seattle Post Intelligencer that the city plans to hold the Sonics to their lease, which expires in 2010.The Basketball Club of Seattle -- owners of the NBA Sonics and WNBA Storm -- would not officially comment until the press conference.The Seattle Times reported Tuesday that Oklahoma City businessman Clay Bennett was involved in the purchase of the Sonics.Bennett, who was previously on the San Antonio Spurs' board of directors, was instrumental in the temporary relocation of the New Orleans Hornets to Oklahoma City following Hurricane Katrina and emerged as a potential investor in the Hornets. He did not immediately return telephone calls for comment Tuesday afternoon.SportsNationWill Oklahoma City have its own NBA team within the next five years? Yes NoIn February, Sonics majority owner Howard Schultz threatened to move or sell the city's oldest major-league professional sports franchise, saying the team has lost about $60 million in the past five years.Team officials have blamed a revenue-sharing lease at KeyArena with the city of Seattle that lasts until 2010. The lease was called the worst in the NBA by commissioner David Stern.Following an April 5 meeting of the team's ownership group, team president Wally Walker said the organization would retain advisers to examine different options. Those choices included possibly building a new arena in the Seattle region -- most likely in the eastern suburbs of Bellevue and Renton -- or selling the team.Potential suitors from outside the region included Oklahoma City, San Jose, Calif., and Kansas City, Mo. In February, Schultz said an unidentified city offered the team a "blank check" to move the Sonics.The Basketball Club of Seattle purchased the Sonics and the WNBA's Storm in 2001 for $200 million. The current owners said they have no interest in owning a franchise that doesn't play in the area.The organization unsuccessfully lobbied the state Legislature, asking for an extension of taxes that helped build the Seahawks' Qwest Field and the Mariners' Safeco Field.Gov. Chris Gregoire tried to help broker a deal with the Legislature earlier this year, but lawmakers adjourned in March without taking action on the Sonics' $220 million proposal.In April, the team told city officials the franchise would contribute at least $18 million toward arena renovations and called for a resolution by the end of May. That deadline passed with no action taken.The team said if improvements were made, the Sonics would enter a new 20-year lease with the city; would manage and operate the arena and pay rent to the city at no less than $1 million per year; and would take on all operating risk of the arena, including all operating costs and routine maintenance. In return, the organization would keep all revenues.Nickels and the Seattle City Council responded with a letter saying that any public contribution to an arena remodel must be put to a public vote and that the public share come from visitor taxes collected countywide.Seattle-area residents appear frustrated with repeated appeals for taxpayer support of professional sports franchises. A group called Citizens for More Important Things recently announced that it had enough voter signatures to put a measure on this fall's city ballot opposing the Sonics' push for stadium improvements and a new lease.The Sonics will begin their 40th season this fall.The Hornets received strong support from Oklahoma City after being displaced following Hurricane Katrina. Half of the Hornets' 36 games at the Ford Center were sold out and average attendance was 18,717 -- the 11th-highest total in the league and about 500 less than capacity.</div>Source
I'm assuming the Hornets go back to NO..but really, this is terrible for the true Sonics fans up in Seattle.
This is great news for Seattle Sonics fans, I was hoping for something like this. This could have been a huge issue over the summer of what was going to happen. I hate it when franchises move. :beerchug:
<div class='quotetop'>QUOTE (Zards @ Jul 18 2006, 04:34 PM) <{POST_SNAPBACK}></div><div class='quotemain'>I'm assuming the Hornets go back to NO..but really, this is terrible for the true Sonics fans up in Seattle.</div>The new owners intend to keep them in Seatle.
it was expected... small northwest division if gone to OKCif u noticed my sonics fans thread its obvious
Wow, this is pretty shocking. But no way they keep the Sonics in Seattle long-term. My guess is when the Hornets move back to New Orleans, the Sonics will move to Oklahoma City. The guys that bought the team are from Oklahoma City too. Sure, they will say all the right things so the seats aren't completely empty next year, but I see this team in Oklahoma City no doubt.
Someone on the Mavs board was saying New Orleans may let OKC have the Hornets, and they wait on the Sonics to move to New Orleans.
This is terrible for Sonics fans but I know that the Sonics will not last in Seattle much longer... But Oklahoma City does deserve a team so I think if the Sonics happen to relocate there, it would be great for everybody involved. :beerchug:
<div class='quotetop'>QUOTE (bballinyao06 @ Jul 18 2006, 05:04 PM) <{POST_SNAPBACK}></div><div class='quotemain'>This is terrible for Sonics fans but I know that the Sonics will not last in Seattle much longer... But Oklahoma City does deserve a team so I think if the Sonics happen to relocate there, it would be great for everybody involved. :beerchug:</div>Sorry. Did you just say it would suck for Sonic fans and then say it would be great for everybody about 1 sentence later? Which is it? Great for everyone or everyone but sonics fans?I thikn they'll stay in Seattle for another couple seasons at least.
I really dont want the Sonics to come here. I would much rather keep the Hornets, not the Seatttle as a sympathy gift when they leave. Id rather start up a new franchise than have the Soncis dumped on us
<div class='quotetop'>QUOTE </div><div class='quotemain'>QUOTE(bballinyao06 @ Jul 18 2006, 05:04 PM) This is terrible for Sonics fans but I know that the Sonics will not last in Seattle much longer... But Oklahoma City does deserve a team so I think if the Sonics happen to relocate there, it would be great for everybody involved. Sorry. Did you just say it would suck for Sonic fans and then say it would be great for everybody about 1 sentence later? Which is it? Great for everyone or everyone but sonics fans?I thikn they'll stay in Seattle for another couple seasons at least.</div>I meant that it would be bad for the Seattle fans because they would be losing their team. But it's great for the Seattle team and Oklahoma City if they do move because I know the Sonics would probably do a lot better in a new city and Oklahoma City deserves to have a team.
