Advertisement

 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
Advertisement

Top NBA Public Bets

NBA Top Stories

Thumbnail NBA Rookie of the Year Pick An intriguing NBA rookie class features one deemed “superstar” in Ben Simmons. Will he be the runaway winner of the Rookie of the Yearin the 2016-17 NBA Season?
Thumbnail Durant has theraputic Olympics The biggest free agent of the 2016 offseason is ready to join his new team as Kevin Duranthad a successful experience at the 2016 Rio...
Thumbnail GS favored as schedule released The NBA released the 2016-17 schedule earlier this week. Here is a look at the latest odds to win the NBA Finals.
Thumbnail Dallas brings in ex-Warrior to join icon When Mavericks legend Dirk Nowitzki opted out of his contract on June 21, it felt like a slight roadblock to an inevitable reunion between both sides. Little...
Thumbnail Tim Duncan retires The San Antonio Spurs lost their franchise player on Monday, as Tim Duncan elected to retire after an amazing 19-year...
More inNBA Articles  

NBA Team Pages