Though initially resistant to the idea, after negotiations, on May 17, 2013, the Maloof family and Hernreich formally agreed to sell their ownership stake in the Kings (65% of the team, valued at US$535 million) to Ranadivé's ownership group. Ultimately, Seattle fell 1-3 in the Western Conference First Round to the Los Angeles Lakers. In a legal letter to Schultz, Oklahoma City's attorney said that the Sonics were legally bound to relocate to Oklahoma City at the end of the KeyArena lease regardless of who owned the team. And as I allowed myself to fall deeper into this obsession, I found myself fixated on so many people beyond just Schultz and Bennett. The 1998–99 season saw the SuperSonics again descend into an extended period of mediocrity. Long story short, the team's owner sold the team to an investor group based in Oklahoma City, under the pretense the new ownership group would keep the team in Seattle. All Rights Reserved. Ballmer may not have been able to buy the team back then, but he still wanted to help out. Wally Walker, former Sonics executive, was also later revealed to be part of Hansen's group. A decade ago, that was the day the city announced it would receive the princely sum of $45 million in exchange for letting the SuperSonics move to Oklahoma City to become the Thunder. After the team moved to OKC, the character was retired and is now a part of Seattle's intellectual property after the lease settlement. In June 1970 the NBA owners voted 13–4 to work toward a merger with the ABA;[2][3] SuperSonics owner Sam Schulman, a member of the ABA-NBA merger committee in 1970, was so ardently eager to merge the leagues that he publicly announced that if the NBA did not accept the merger agreement worked out with the ABA, he would move the SuperSonics from the NBA to the ABA. The new arena, the Fiserv Forum, was completed in August 2018, with the Bucks also signing a 30-year lease with the city of Milwaukee. When Daniels returned to Seattle, he found a city on the edge between hope and denial. The suit further requested that the franchise be placed in a constructive trust and no longer in the ownership of PBC. The NBA and its players were introduced to lucrative modern contracts in the mid-1990s, and Shawn Kemp, Seattle’s anchor, was vastly underpaid. Seattle would need to vote on a ballot measure to continue those taxes. The team is the third NBA franchise to relocate in the 2000s and had multiple lawsuits filed in its name before the NBA 2008-09 season. On October 25, 2016, Chris Hansen announced he will fund the arena without public funding. “If we’d been two years later or two years earlier and he was about to leave Microsoft, my view is yeah, he would have. These uniforms were a nod to a similar style worn from the 1975–76 season through the 1994–95 season.[6]. © 2020 Sports New Media Limited. Joining the Rockets mid-season, Drexler helped them to a second consecutive NBA title that year. The team began play as the Oklahoma City Thunder in the 2008–09 NBA season, after becoming the third National Basketball Association (NBA) franchise to relocate in the 2000s. Wilkens brought a strong all-around game to the SuperSonics, averaging 22.4 points per game, 8.2 assists per game, and 6.2 rebounds per game for Seattle in the 1968–69 season. Seattle continued to be a Western Conference powerhouse during the next two seasons, winning 57 games in 1996–97 and 61 games in 1997–98 for their second and third straight Pacific Division titles. [14], On February 15, 2008, the Sonics' ownership group gave the city of Seattle a one-day deadline to accept a $26.5 million offer that would buy out the Sonics' lease in KeyArena and pay off what the ownership group claimed was the value of debts on the arena. After his departure, the team regressed the following season with a 35–47 record.


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