It's possible they could be moved...if a new owner is willing to kick out about a half a billion bucks to do it.
200 million penalty if they move before 2010; after that it's prorated for like the next 20 years down to 150 million.
No potential owner would buy the team with that in mind when they could just buy a team like Memphis, Jersey or the Bucks and move them without any penalties.
I'm off on that. I was getting my info from a previous Observer article, but per their attorney:
Q: Can the team leave?
A: No. The city may seek an injunction to force the team to honor the commitment to play here, or can enforce liquidated damages of $200,000,000 in the first 5 years (2005-2010), $150,000,000 in years 5 – 10, and a declining balance going from $85,000,000 in year 11 down to $7,000,000 in year 25.