Sonics reach settlement with Seattle; will move to Oklahoma City
Basketball Betting Lines
07/02/2008 -
Seattle, WA (Sportsbook Betting Lines) - The Seattle SuperSonics and the City of
Seattle reached a settlement in their tempestuous KeyArena lease dispute on
Wednesday, just hours before a U.S. District Court judge was to rule in the
case.
Under the settlement agreement, Professional Basketball Club (PBC) LLC, an
the Oklahoma City investment group led by Clay Bennett that purchased the
Sonics last year, agreed to pay the City of Seattle $45 million in order to
terminate the KeyArena lease. In turn, the agreement will allow the Sonics to
move to Oklahoma City immediately.
"We believe this is a fair and appropriate resolution to the litigation
involving the Sonics and the City of Seattle," Bennett said. "We are pleased
that the uncertainty is lifted for our players, staff and Oklahoma City fans
who can now make plans for the immediate future.
"We have a business to run and this settlement allows us to make the best
decision for the franchise and allow the City of Seattle to begin planning its
own NBA future."
An additional contingent payment of $30 million will be due in 2013 unless one
of the following occurs: the Washington legislature fails to authorize at
least $75 million of public funding for KeyArena renovations by the end of
2009 or Seattle obtains a new or relocated NBA franchise within that five year
period.
The agreement also includes language regarding a lawsuit filed against PBC by
the Sonics' former ownership group The Basketball Club of Seattle, headed by
Howard Schultz. Under terms of the settlement, if PBC is prevented from
playing home games in Oklahoma City in the 2008-09 or 2009-10 seasons as a
result of the Schultz suit, Seattle will repay PBC $22.5 million for each
season. In addition, if PBC is required to play in KeyArena in the 2008-09 and
2009-10 seasons as a result of the Schultz suit, PBC is released from its
obligation to make the $30 million contingent payment.
The settlement document also confirms that the Sonics name, logo, and colors
will remain available for a potential future NBA franchise in Seattle.
"I was always amenable, as part of a negotiation process, to reserving the
name for Seattle fans," Bennett said. "I feel it's appropriate and we wish
Sonics fans and the city good luck in their efforts to develop a modern NBA
arena and return pro basketball to Seattle in the future."
Details of the name and colors for Oklahoma City's new team are still being
developed and will be announced in the near future.
<< Orioles' Cabrera goes the distance in win over Royals
Baltimore, MD (Sportsbook Betting Lines) - Aubrey Huff's two-run homer in the first
paced the Orioles early, leading them to a 5-2 victory over the Royals to take
the third game in their four game set in Baltimore.
Daniel Cabrera (6-4) pitched
<< Bloomquist's RBI single in ninth lifts M's over Toronto
Seattle, WA (Sportsbook Betting Lines) - Willie Bloomquist ripped a game-winning single
in the bottom of the ninth to lift Seattle over Toronto, 7-6, at Safeco Field.
Raul Ibanez worked a walk off Scott Downs (0-2) to lead off the inning and
move
<< San Diegp Chargers
Signed running back Marcus Thomas and offensive tackle Corey Clark to four-year contracts.
<< Houston's Quintero leaves game
Houston, TX (Sportsbook Betting Lines) - Houston Astros catcher Humberto Quintero left
Tuesday night's contest with the Los Angeles Dodgers after suffering a
concussion when he was struck in the head with a bat.
Quintero left in the top of
<< Habs re-sign Kostitsyn
Montreal, Quebec (Sportsbook Betting Lines) - The Montreal Canadiens agreed to terms
with restricted free agent forward Andrei Kostitsyn to a three-year contract.
The 10th overall pick in the 2003 NFL Draft, Kostitsyn recorded 26 goals and
27 as
Kuroda, Dodgers shut down Astros >>
Houston, TX (Sportsbook Betting Lines) - Just hours after being reinstated from the
disabled list, Hiroki Kuroda tossed seven shutout innings to lead the Los
Angeles Dodgers over the Houston Astros, 4-1, in the third game of a four-game
set at
Phils hang on to win another at Atlanta >>
Atlanta, GA (Sportsbook Betting Lines) - Jimmy Rollins went 3-for-4, scored twice and
drove in a run, and Ryan Howard belted a three-run homer as the Philadelphia
Phillies continued their dominance over the Braves with a 7-3 win over Atlanta
in the
Atkins powers Rox past Padres >>
Denver, CO (Sportsbook Betting Lines) - Garrett Atkins drove in four runs, falling a
triple short of the cycle, to give the Rockies a 8-1 victory over the San
Diego Padres in the rubber game of their three-game series.
Atkins had a three run
Yanks' nine-run seventh helps New York top Texas >>
Bronx, NY (Sportsbook Betting Lines) - Jason Giambi belted a grand slam and drove in six
runs as New York broke out of an offensive slump and avoided a sweep by
trouncing Texas, 18-7, in the finale of a three-game set.
The 18 runs were a season
White Sox sweep Tribe on Pierzynski's walk-off homer >>
Chicago, IL (Sportsbook Betting Lines) - A.J. Pierzynski's lead-off home run -- and
second of the game -- in the bottom of the 10th inning lifted the streaking
Chicago White Sox to a 6-5 win over the Cleveland Indians and completed a
three-g
American Idol Betting Odds: Season 6
The online gambling websites are in the process of deciphering each American Idol contestant and his or her chances of winning Season 6 to come up with the early American Idol betting lines.
Tim Dalton of MySportsbook.com has been locked away in a soundproof room coming up with all the latest tallies, we are told. "American Idol has become one of the most significant betting events of the year," claims Jack Black of MySportsbook.com. "Last year, millions were bet during the season across the globe, not just in America.
It's tough early on since we really do not have a glimpse as to how well each of these individuals will perform solo on a week-to-week basis. It's like Week 1 of the NFL. Pre-season means nada!
We do know the 24 finalists however.
Sanjaya Malakar is the young man whose sister failed to make it into the Top 24. He's very low key but - unless he totally flubs - will probably win over the young girlie vote for a few weeks anyway. He's too young to go all the way, according to Payton O'Brien.
Brandon Rogers - Who?
Phil Stacy is the military guy who missed his daughter's birth because of the Memphis audition. He should go a good distance.
Chris Sligh - He's got the humor and in many ways he's the Anti-American Idol much like last year's winner Taylor Hicks was. And this is why he'll probably get pretty far in this competition. He's chubby, white with a big curly afro....but more importantly, a great voice! People love "real", not "real cute" to go all the way.
"Blake Lewis should go far because of his uniqueness and looks. He's the boy next store with a twist - he beat boxes. But on top of this, he's a great singer, and I adore him," Payton O'Brien relayed.
A talented beat-boxer Blake Lewis was a hit during the group sing in Hollywood but Simon explained that this is a singing contest just before he told him he was “in.”
Paul Kim has caught our own roving reporter, Jenny Woo's eyes.
"I love the fact that there is a Korean American on the show and he is bound to get more Asians tuning into the show," Woo said from her Miami Beach estate. "There has never been a major presence of Asian-Americans on American Idol in the past. He's a hottie with a nice voice so that should help to take him far. Expect heavy betting action from the Asian community."
Sundance Head - He's not perfect, but he's got the personality that will take him through a few weeks, plus he's got the lineage (son of Roy Head - whose 1965 single, "Treat Her Right," hit No. 5 in the charts)
And the others:
Rudy Cardinas
AJ Tabaldo - the 5th time is the charm
Nicolas Pedro
Chris Richardson
Jared Cotter
The girls
"Melinda Doolittle has one of the best voices," says MySportsbook.com Reporter and an acclaimed dancer in her own right, Destiney Lewis. "It is great to see a back up singer step out like she has. The girl needs to gain more confidence but that can also be a positive. I think she will go far."
Alena Alexander - Those tears (she never seems to stop bawling) should get her far.
"Single mom Lakisha Jones I suspect will be a pretty big favorite entering Week 1 of the competition," says Destiny Williams. Jones is an excellent singer and down to earth. "She'll have a wide appeal," echoed O'Brien.
Nicole Trellis - Seems to exert confidence.
Amy Krebs - a powerful singer.
Antonella Barba
Gina Glocksen
Hailey Scanardo
Jordan Sparks
Stephanie Edwards
Leslie Hunt
Sabrina Sloan
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Last two contestants will be?
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