The Sonics would have to negotiate a costly buy-out from their lease in order to move before 2010
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Save our Sonics website
http://www.saveoursonics.org/
Stern will not stand in the way if the board of owners approves a move to LV. Will the Maloofs try to move the Kings there?
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The Muckleshoot tribe examine the possibility of building an arena in Auburn, WA.
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OKC is the top candidate for a new team according to D. Stern. Bennett will pay to break the lease.
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Bennett considering only 2 cities: OKC and KC. Concerned about their viability but prefers OKC because KC already has 2 teams.
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D. Stern says that he will do anything he can to have an arena for the Kings built in Sacramento. There will be no expansion anytime soon unless it takes place in China or Europe. LV casinos were very disappointed with the ASG. Charlotte, Memphis and NO have problems.
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Shinn is getting a local minority owner and the state of Louisiana is going to build the $18 million practice facility the Hornets were promised when they moved to NO.
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NBA in Europe not before 2010. With the exception of London, there isn't much support for publicly funded NBA caliber arenas. The only fear for the Hornets' future in NO is based on storms that might further damage the area.
In Orlando, the drawn-out negotiations between the city and Magic owner Rich DeVos continue. On the table is a proposal to build an arena, convention center, and renovations to the Citrus Bowl. In Milwaukee and Minnesota, ownership groups of both franchises have already begun to express interest in building new arenas within the next decade.
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Stern wants to keep the Sonics to Seattle.
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Bennett has had introductory meetings with the Muckleshoot Tribe in Auburn as well as Seattle developer Dave Sabey, who is attempting to put together a multipurpose Tukwila project.
If Bennett wants to break the lease it is not certain the city will agree to his offer.
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The proposals for arenas in Auburn or Tukwila, WA haven't made much progress. The Muckleshoot tribe will make a decision soon.
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Sunday, July 1, 2007
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