|Final settlement reached for Sonics move|
|Written by Admin|
|Tuesday, 19 August 2008 15:06|
Attorneys filed a document Tuesday in Seattle federal court noting that the parties had agreed to pay their own court costs after reaching the settlement.
Bennett announced last month that a settlement was being negotiated that would involve him making a payment of up to $75 million to Seattle to get out of the final two years of a lease at KeyArena.
At that time, he had expected the settlement to be finalized by Aug. 1. Instead, a time extension was sought from the court and terms weren't reached until now.