So the Sonics (and Storm) have been sold, and Starbucks is out of the NBA — at least at the ownership level. Howard Schultz’ ownership lasted only slightly longer than the drive-thru line at my nearest Starbucks. The buyers are a group of businessmen from Oklahoma City, and the coming NBA season will amount to — in Seattle, at least — a farewell tour.
Oh, the new owners are saying all the right things. Here’s what Clayton Bennett says in the official news release on NBA.com:
“The Sonics and the Storm are synonymous with Seattle, and it is our desire to have the Sonics and the Storm build upon their great legacies in the Greater Seattle area,” added Bennett. “We believe with the right dynamics on the court, the right community support, the right business model and a financially committed ownership group that recognizes and respects Seattle, we can succeed here for decades to come.”
But a blind man can read between the lines. In fact, you don’t have to read between the lines — it’s right in the agreement of sale. Here’s Greg Bishop writing on the Seattle Times web site:
The fine print: Only the next 12 months are guaranteed in the $350 million deal. In the interim, the new ownership group needs to do what the former ownership group could not — negotiate a better venue and lease agreement at KeyArena or another local venue.
Which adds up to what president and CEO Wally Walker called “the biggest year in the history of the Seattle SuperSonics.”
“At that time,” said Bennett, chairman of Dorchester Capital and the head of the Oklahoma City-based investment group, “we have an opportunity, contractually, to evaluate our position.”
Oklahoma City has an NBA team at the moment — the Hornets — but might not in one year if/when the Hornets go back to New Orleans. OKC is a city which showed rapturous support for its first-ever major pro-level franchise, and despite its size, can obviously support an NBA team. And as Jenni Carlson writes in The Oklahoman, the city can start preparing to welcome the Sonics in 2007.
The only fly in the ointment would be if Seattle voters opt to build the Sonics a new arena. That’s about the only way they’re staying there, and frankly, if passing that bond issue has been difficult before it became nearly impossible Tuesday. If the fine folks in Seattle wouldn’t build an arena for Mr. Seattle, Starbucks’ grand barista Howard Schultz, why would they do it for a bunch of Oklahomans?
If the new owners were from Spokane or Walla Walla, well, then OK. But Nichols Hills and Oklahoma City? Seems it would be difficult to agree to spending millions on an arena that might not have a tenant when it’s finished.
The Sonics’ future has been up in the air for some time now, with Schultz and his group trying both to sell the team and negotiate a better arena situation at the same time. But now that the team has been sold, it actually opens up more questions than before:
With an immediate and real prospect of losing the team staring them in the face, will Seattle officials change their tune at all about working to keep the Sonics around?
How will Sonics fans respond to the likelihood that this is the last year they’ll have an NBA team in town? Will attendance go up in support of the team, or will it tank in protest to what’s become an ugly situation between the team and city? Will fans put any pressure on city officials to save the team?
How will this “musical chairs” scenario play out in Oklahoma City? How will they react to the likelihood that the Hornets are just temporary hometowners?
How does all this play out at the NBA level? Will they be happy to lose a team in the #13 TV market and have it replaced with a team in the #45 TV market?
And what impact does this have on the Blazers? They’re losing money and available to be sold to the highest bidder. What if that bidder is someone like Anaheim Mighty Ducks owner Henry Samueli, who reportedly wants to move the Blazers to Anaheim? Is the NBA going to allow a complete vacancy of the Pacific Northwest?
So many questions … so few answers … but one thing for sure: What a strange, strange year this is going to be.
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