OKLAHOMA CITY (AP) -The Seattle SuperSonics and Oklahoma City reached a preliminary agreement on a lease at the Ford Center, pending NBA approval of the team's move.
The deal calls for the club to pay the city $1.6 million annually for use of the building and reimburse $409,000 per year to replace revenue from naming rights.
The agreement calls for a 15-year term, but has an exit clause after the sixth year if revenues fall from the first two years after the Ford Center's renovations are completed.

Top NBA Public Bets

NBA Top Stories

Thumbnail Jazz vs. Clippers Game 5 Pick Will the Los Angeles Clippers be able to regroup at home when they host the Utah Jazz in Game 5 of their...
Thumbnail Grizzlies vs. Spurs Game 5 Pick Can the San Antonio Spurs find a way to get back on track when they take on the Memphis Grizzlies tonight at 9PM ET in Game...
Thumbnail Thunder vs. Rockets Game 5 Pick Will the Houston Rockets close out the Oklahoma City Thunder when the two met today at in Game 5 at 8PM ET?
Thumbnail Warriors vs. Blazers Game 4 Pick Will the Golden State Warriors close out their NBA Playoffs series with the Portland Trail Blazers when the two meet in Game 4 tonight at 10:30PM...
Thumbnail Wizards vs. Hawks Game 4 Pick Will the Atlanta Hawks pull even with the Washington Wizards when the two meet up in Game 4 of their playoff...

NBA Team Pages