Sonics settlement?

[CrimsonOberon]

Time to celebrate.


Drinks are on me.

[Karried]

I have goosebumps.. but I'm a little scared to get my hopes up just yet....

CrimsonOberon... where are you and more importantly, where are the free drinks...

WHOOOOOOOOOOOOOOOOO!! ( cautiously said) lol

[OKCMallen]

hahahaha me too, Karried- feel the same way.

[OKC Guide]

I just did an interview with a radio station in Seattle, and they're hearing the settlement news as well. I'm with you guys, though, hesitant to get too excited.

[Saberman]

Bret Favre stole the headlines in ESPN Sports Center, didn't even talk about Sonics.

[OKCMallen]

Maybe it was prerecorded. OK, so, there almost certainly is a settlement. What are the chances of it being to where the Sonics are NOT in OKC this year? (NOT counting Schuiltz's suit)

[LovableGoober]

Is it possible that Bennett, et al, got a little worried and settled without moving to OKC next season?

[Kerry]

Looks like Seattle was wrong after all. I guess you can put a price on civic pride.

[Nawfside OKC]

free starbucks coffee on me !!! p.s I hear there playing sleepless in seattle back 2 back on HBO up there tonight...

[Saberman]

For those questions we will have to wait until 7pm press conf. to find out. No other word ahs been released on any of the elements of the settlement.

[OKCMallen]

Is it possible that Bennett, et al, got a little worried and settled without moving to OKC next season?

Possible, but not probable in my mind.

[OKC Guide]

Possible, but not probable in my mind.

Agreed. There's no incentive for the owners to do that before the decision. There is, however, an incentive for the city to settle before the decision. If they felt like there was a chance they'd lose, it could be the last chance for them to have any bargaining power in retaining the Sonics logo, colors, etc.

[OKCMallen]

Does anyone know for sure whether PEchman's written decision will be released and where, if so?

[scotplum]

If they do realease the verdict:

City of Seattle v. Professional Basketball Club LLC - 2:2007cv01620 - Justia Federal District Court Filings and Dockets

[OKC Guide]

ESPN is saying Schultz was part of the settlement talks. Interesting...

[Intrepid]

From the Seattle Times web site:

"Sources at city hall confirmed news of the settlement today. Former Sonics owner and Starbucks CEO Howard Schultz will not drop his lawsuit against Clay Bennett as part of the settlement, said sources familiar with the deal."

The Seattle Times | Seattle Times Newspaper

[scotplum]

ESPN is saying Schultz was part of the settlement talks. Interesting...

The Seattle Times is reporting the opposite. Who knows at this point?

One site also claimed the judgment would not be posted at 6 PM.

[Intrepid]

The Seattle Times is reporting the opposite. Who knows at this point?

One site also claimed the judgment would not be posted at 6 PM.

Not according to their web site (see my post right above yours)

[OKC Guide]

From the Seattle Times web site:

"Sources at city hall confirmed news of the settlement today. Former Sonics owner and Starbucks CEO Howard Schultz will not drop his lawsuit against Clay Bennett as part of the settlement, said sources familiar with the deal."

The Seattle Times | Seattle Times Newspaper

Yep, just saw that. Another said he was the one holding up the settlement at one point, so I guess they went ahead without him.

[OKCMallen]

U.S. District Court for the Western District of Washington - Federal Courthouse - Seattle and Tacoma

can't even get into the site right now.

[Kerry]

Peachman releases statement saying there will be no verdict.

[OKCMallen]

Lame!

[Toadrax]

Channel 9 said that Bennet would hold a press conference at 7pm on... channel 9.

[OKC Guide]

I really wish we could know what the ruling would have been...

[Intrepid]

From the Pechman order:

"The parties have settled the case. Details of the settlement will be released by the
parties."

http://www.wawd.uscourts.gov/documen...onicsorder.pdf