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Old 03-14-2008, 08:39 PM   #1
Nets fan 93
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Exclamation 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.
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Old 03-14-2008, 10:58 PM   #2
RainierBeachPoet
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Default 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.

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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