The SuperSonics will move to Oklahoma City for the 2008-09 season as part of a settlement announced Wednesday with the city of Seattle, says Tim Booth, AP Sports Writer
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 Sonics 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 be staying 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.
Here's the rest of Tim's story
What do we know about KeyArena? What do we eat in Oklahoma City? Meat?