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July 2, 2008

Settlement lets Sonics move to Oklahoma (AP)

Filed under: News — @ 11:22 pm

Seattle SuperSonics owner Clay Bennett smiles after a news conference in Oklahoma City, Wednesday, July 2, 2008. The NBA basketball team will move to Oklahoma City for the 2008-09 season as part of a settlement announced Wednesday with the city of Seattle. The agreement ends a contentious relationship that culminated in a recent six-day federal trial over terms of the team's KeyArena lease. The judge was scheduled to rule Wednesday afternoon.

Clay Bennett finally found a dollar amount that would sever his contentious relationship with the city of Seattle — $75 million. As a result, the SuperSonics are headed to Oklahoma City with Bennett leading the way, leaving behind the team name, colors and 41 years of history. Oklahoma City will have an NBA franchise for the 2008-09 season after a settlement announced Wednesday between the team…

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