...I really don't understand the ways of business...but I have no sympathy for Sonics' owner Clay Bennett, who claims he will lose $60 million if the Sonics play out the remainder of their two year lease in Seattle.
He didn't know that the Sonics lost $23 million in 2004 and $29 million in 2005? If not he didn't do his homework.
I have even less sympathy for the idiotic community leaders that were "shocked" when it was revealed Bennett wanted to move the team Oklahoma. And we elect these folks to fix grid-lock?
I don't know about things in Oklahoma, but my momma told me that a contract (such as a lease for Key Arena for the next two years), should be honored and kept.
How about this for a compromise? Bennett's group honors the lease for the next two years, and the Sonics move to Oklahoma. Then, on the "home" game nights for the sonics for the next two seasons, Key Area will be open for the Sonics, but empty of fans. Which really isn't much different than things now.
Or the city of Seattle can accept $50 million, and settle the lawsuit. I'm sure we could then use that money for another 100 yards of light-rail service.
Posted by joncim at June 7, 2008 08:28 AM