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-   -   Sonics, Oklahoma City reach preliminary deal on arena (http://www.insidehoops.com/forum/showthread.php?t=80143)

Nets fan 93 03-14-2008 09:39 PM

Sonics, Oklahoma City reach preliminary deal on arena
 
http://www.thenewstribune.com/sports...ry/309346.html
Quote:

OKLAHOMA CITY — The Seattle SuperSonics and Oklahoma City have reached a preliminary agreement on a lease at the Ford Center pending NBA approval of the team’s move.
The deal calls for the SuperSonics to pay the city $1.6 million annually for use of the building and reimburse $409,000 a year to replace revenue from naming rights for the arena. The 15-year agreement has an exit clause if attendance falls after the first two years.

The deal would not become official unless NBA team owners approve the Sonics’ relocation in a meeting next month and until the team can escape its lease in Seattle.
Looks like Seattle just lost a franchise.:hammerhead:

RainierBeachPoet 03-14-2008 11:58 PM

Re: Sonics, Oklahoma City reach preliminary deal on arena
 
Quote:

Originally Posted by Nets fan 93
http://www.thenewstribune.com/sports...ry/309346.html

Looks like Seattle just lost a franchise.:hammerhead:


the key is the last paragraph:

The deal would not become official unless NBA team owners approve the Sonics’ relocation in a meeting next month
and

until the team can escape its lease in Seattle.


the opera aint over until the fat lady sings


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