Now that Seattle lawsuit has been settled, the NBA is on its way here to stay
Now that Seattle lawsuit has been settled, the NBA is on its way here to stay
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202
By Randy Ellis and Chris Casteel
Published: July 3, 2008
The Seattle NBA basketball team will start moving to Oklahoma City this morning and will play in the Ford Center this fall under terms of a settlement announced Wednesday.
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‘This day is really here'
Cornett was ecstatic about the announcement.
"I think somebody is going to have to pinch me to think this day is really here,” Cornett said. "If I had a concern — and my tongue is not in my cheek — I'm concerned we don't have enough seats in that arena. I think the season ticket sales are going to blow the roof off the building.”
Cornett thanked NBA Commissioner David Stern for believing in Oklahoma City's viability as an NBA city and thanked citizens for supporting the Hornets and a sales tax increase to fund improvements in the Ford Center.
"Those were the final ingredients to getting us a permanent franchise,” he said.
U.S. District Judge Marsha Pechman was expected to rule Wednesday whether the Oklahoma City-owned team could buy out the last two years of a lease at KeyArena, which is controlled by the city of Seattle.
Early Wednesday afternoon, word leaked that Seattle and the team owners were negotiating some type of settlement.
At 6 p.m. Wednesday, Pechman said the two sides had come to a settlement.
Seattle leaders filed the lawsuit last fall to keep the Sonics from moving to Oklahoma City.
Team owners argued that KeyArena was no longer a competitive NBA venue and was at the root of the team's financial problems, which began before Bennett and others bought the team in 2006.
During the six-day trial, the city claimed the owners couldn't buy out the last two years of the lease because a dollar figure couldn't be put on the value that the 41-year-old franchise brings to the city.
Witnesses, including Bennett, estimated during the trial that the team could lose upwards of $60 million over the last two years of the lease.
The Sonics' lead attorney, Brad Keller, argued that the relationship between the city and the owners was a failed marriage and that the Sonics shouldn't be forced to stay under the city's roof for the final two years when a financial remedy was available.
The goal all along of the city's legal fight to enforce the KeyArena lease was to ensure some sort of future for NBA basketball in Seattle, city council President Richard Conlin said Wednesday.
Mayor Nickels said a group led by Microsoft mogul Steve Ballmer will immediately begin exploring options to bring a new team to Seattle.
Contributing: Staff Writer John Estus

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David Stern and the NBA has terrible fiscal credit at this point. Banks don't loan funds to people who default on leases and loans. Nor should Seattle grant credit terms to the NBA, now that the NBA has defaulted on their lease. That's not how business works. If a client defaults on a lease, the clients credit gets dragged through the mud and the client rarely gets another chance, unless that client puts up big bucks as collateral.
The NBA is putting up no collateral, nor anything really, and they demand we build them a new facility BEFORE they will return. So in other words, a league with terrible credit and a business with a client base that is very angry with them, is demanding full credit terms? Give me a friggin break. If the NBA wants this market, they'd best plan on self funding it while doing about twice the effort on marketing than they normally would have to do. You can't screw over your client base and expect that same client base to support you as if nothing happened.
The NBA has a terrible credit rating in this city, as of Wednesday. People with terrible credit don't get new loans.
I know at this time the truth is of no interest to you but Bennet and his group offered to put 100 mil into a new arena. The fact that your coffee man couldn't get an arena deal done in Seattle in four years doesn't count either. He thought he had found some boobs from Oklahom to sell the team too and then Settle could bleed them for a couple of years and buy the team back for a song. I wonder how dumb he thinks those boobs are now? Bennett and his group said in the begining they would have to have an arena deal in one year or they would look for other places to go. The fact that city councilmen and legislators worked against getting a deal done for an arena doesn't count either does it? Your billionairs from Microsoft could have done something to get an arena deal done when your coffee man had the team but they didn't. That doesn't count either does it? You can stack up all the lies from Bennet and his group and they would be so far behind the coffee man an other politions in Seattle it wouldn't be funny. No, don't try to tell me about the integrity you boys have because the coffee man is far behind Bennet in that dept. Just remember the next time you want to take some yokal for a ride be sure he's not from OKLAHOMA.
Our politicians were skeptical of Clay's efforts from the beginning, and made working with him almost impossible. He demanded a half billion dollar building be built for him, the most expensive basketball arena in the USA, but was unwilling to contribute to the cause. Very noble of him; would have gone a long way to show his sincere commitment to the region if he had.
Seattle is very progressive, but things don't get done overnight. It took some time but we did build a brand new baseball stadium, one of the finest, at a very high price tag - but it was a joint public & private partnership. Seattle constructed a tremendous football stadium, state of the art, but yet it too was a private / public subsidized venture. When the Sonics wanted to completely remodel / rebuild Key Arena 12 years ago it got done and was also a private - public partnership. These buildings were all built with public and private monies - where as Clay Bennett would not offer any contribution to the cause to get the ball rolling.
Seattle will get a new basketball arena with Ballmer's future ownership group coming forward and offering to pay half the cost of the building, Bennett never offered to pay a dime because he never wanted to keep the team in Seattle as the emails so aptly point out. The Oklahoma hero whose lies and deceiving acts must make you all very proud.
Lets put it this way, in straight talk - which might be foreign to Oklahoman's alike, Seattle is still paying off the new Qwest Stadium, Safeco Field, and the newly remodeled Key Arena (144 months old); it would be like a home owner having not one, but three mortgages at the same time, and then be asked to tear down one of those homes and rebuild it again, at an even far greater cost; and then given a small window of time to accomplish this feat. We have a proven record of getting projects like this done – but his timetable was unrealistic – and his motives transparent and insincere. Hard to work with someone when you don’t believe a word out of his mouth. The city of Seattle was not going to be held at ransom by a group of ‘shysters’, which is exactly what they were. Yes Oklahoma you can be very proud to call Clay Bennett one of your own.
David Stern spoke highly of Key Arena upon his first visit in 1995, but then deemed it unsuitable for his product less than 10 years later. 10 years is all an arena gets these days. How long will the Ford Center be good in the eyes of Stern & Bennett.
Now Key Arena is not the Taj Majal but it is no dump; but unless you are a wealthy luxury box owner it is a fabulous place to watch basketball, intimate with great sight lines. It is a terrific basketball arena - but it is NOT a large shopping mall with 100 high priced luxury suites, & 75 restaurants, that is demanded these days. It’s a basketball arena - home of the Seattle Sonics for a better part of 41 years.
Now a days we have congressional inquiries and trials into whether a player uses steroids or not; and then there are ongoing trials into the ensuing perjury that occurred from those events. Should Clay Bennett not be held to the same standards? The senate inquired on behalf of the people, against players cheating; should they not do the same when a owner steals a 41 year old franchise from a community and then perjures himself repeatedly on the stand. Yes this is a man Oklahoma can be proud of.
The community of Seattle has 'always' supported this team. Clay Bennett’s idea of a “Good Faith Effort” was to strip it of all its marquee players, and trade away any player that could make them competitive - Seattle fans still showed up in the stands. Would Oklahoma show up at Oklahoma football games and support a man who was trying to take that football program to - say Montana? Well -Seattle did. Even when Clay Bennett managed to put the worst product Seattle has ever seen in its ‘41-year history’ - they did not play in front of 7,000 fans. Though he tried in vain, he never could completely disengage the Seattle Sonic fan base; while getting rid of all fan favorites, even coaches with long ties to Seattle basketball and the community - just the opposite thing you would do if you were trying to build fan support for a new arena.
Seattle will get another franchise - but we won't rip one out of somebody else's community. We have had polls in Seattle - and overwhelmingly people voted up here that we would not want to be granted a team if it meant stealing one, and all its history from another city. I guess you can say that is where people from Oklahoma and Seattle differ - its called morals; look it up in the dictionary if you don't understand what it truly means.
Though you successfully stole our team - you cannot buy a team's history - it is Not something you purchase - it is something you live; something that is woven into the community, into the people that shared the fond memories - not something you buy. Make your own history and then rightfully celebrate it. Don't make mock NBA Championship trophies and banners that have absolutely no meaning to you. Remember a NBA team does not make you a big city, any more than Los Angeles losing the Rams made them a small city. Oklahoma will still be Oklahoma – with just another entertainment value available.
I was in Oklahoma for the first time a week ago, and met many nice people when I was there; and came away with the feeling they were happy to get a team but they did not agree with how they were getting one. From what I saw of the area - I have no idea how Oklahoma plans on supporting an NBA team - past the 3-5 year novelty phase, at which point your hero will be asking for a new arena to be able to compete - even though Ford Center looked adequate.
Most of you from Oklahoma know an injustice was done - and for you to stand for this injustice and not voice your opinion - makes you no better then Clay Bennett. I have read that Clay is regarded as a hero now, while most of the United States reserve that term for the likes of our ‘honorable’ fighting troops, policemen and the like. For any of you to consider him a hero for what he has done - only shows your lack of integrity & values - for he has painted your state, your region with a brush of dishonesty, and unscrupulous behavior that will far outlive your short NBA lives.
T - SeaTown
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It was brought out in court by the judge that Seattle was under no obligation to continuously improve the Key to whatever the changing demands of the NBA might be. Bennett doesn’t have that problem here, as it states in the lease that OKC is required to keep the Ford (or whatever it ends up being named) up to whatever the NBA standards are.
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“The City will be responsible for paying all Capital Improvements: general maintenance and repair costs reasonably necessary in order to ENSURE THAT THE ARENA CONTINUES TO BE A FIRST-CLASS NBA ARENA. The Arena Lease will provide for a capital improvement fund for the Arena, which will be funded by (a) a $1.5 million deposit by the City on completion of the Arena Renovations, and (b) the NAMING RIGHTS REVENUE PAYABLE TO THE CITY during the Term as provided in I.G.2 above. Provided, however, if the City is required to provide temporary facilities pursuant to II.F below, the required deposit on completion of the Arena Renovations will be $1.0 million.”
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This isn’t going to be nearly enough money. The Ford was designed and built to NBA and NHL standards just over 5 years ago. In hat time it has been determined that the Ford needs $100 million in upgrades to meet the current NBA standards. Even though OKC is bound by the lease to continue to make these upgrades we don’t have a means to pay for it. The naming rights money the team has been so “gracious” to let the City keep getting from the current agreement with Ford, is essentially returned back to the team for the improvements and only amounts to $400,000+ a year (the City gave away approx $90 million to the team, which would have come close to paying for the improvements).