OKLAHOMA CITY (AP) -City Council members unanimously approved a preliminary lease agreement with the Seattle SuperSonics Tuesday, hours before a planned visit by NBA commissioner David Stern.
The 15-year deal, contingent on the team's relocation to Oklahoma City, calls for the SuperSonics to pay the city $1.6 million annually to use the Ford Center and another $409,000 per year to be able to re-sell the arena's naming rights.
Former Oklahoma state Rep. Wanda Jo Stapleton voiced concerns to the council that planned renovations to the Ford Center could exceed the $121 million in a sales tax extension approved by voters for this purpose.
Mayor Mick Cornett said the clear intent was to keep the project within budget.
The sales-tax extension is to also pay for the construction of an approximately $24 million practice facility.
Stern and four NBA team owners were expected to visit the city later Tueday to gather information for a league vote next month on whether the Sonics can relocate.
The Sonics' lease in Seattle runs through 2010, and a federal trial is scheduled for June to determine whether the team can break it.
Advertisement

Top NBA Public Bets

Advertisement

NBA Top Stories

Thumbnail OKC takes on surging Los Angeles group It’s official: Russell Westbrook is the first NBAer since Oscar Robertson to average a triple-double in the first half of a season. But will the multifaceted...
Thumbnail Jazz vs. Suns Prediction Are the Utah Jazz a good bet to cover tonight as a road favorite versus the Phoenix Suns at 9:00PM ET?
Thumbnail Hornets vs. Celtics Prediction The Celtics are 5-point home favorites versus the Hornets on Monday night - will Boston cover when the teams tip-off at 7:30PM ET?
Thumbnail Hawks vs. Knicks Prediction The Knicks are a small home underdog versus the Hawks today at 1:00PM ET. Will New York cover the spread?
Thumbnail Hosts seek redemption after holiday collapse Despite the best efforts of Kevin Durant, Golden State suffered a gut-wrenching loss to Cleveland on Christmas. But is tonight’s rematch bound to produce...

NBA Team Pages