Breaking down the opt-out clause
Breaking down the opt-out clause
Q: How does the opt-out clause work?
A: The letter of intent states the Sonics can terminate the arena lease, food and beverage agreement and practice facility lease at the end of the sixth year and at one or more other undetermined points in time during the duration of the lease.
But in order for the Sonics to exercise the opt-out option, their average ticket revenues d...
You have selected to view an article that is older than 60 days. There are several ways to unlock access to NewsOK historical content.
Please sign in. (You might already have access)
If you are a print subscriber to The Oklahoman, activate your Digital Pass for free access.
Purchase any of The Oklahoman's digital products (digital replica, archives, iPad and smartphone apps), and access to historical NewsOK content is free.
Please sign in. (You might already have access)
If you are a print subscriber to The Oklahoman, activate your Digital Pass for free access.
Purchase any of The Oklahoman's digital products (digital replica, archives, iPad and smartphone apps), and access to historical NewsOK content is free.
