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
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Online Sportsbook odds for Stanley Cup
New York, NY – October 3, 2007 – The dress rehearsal is over! The NHL preseason has ended and now that fans have had a glimpse of what is to come it is time to hit the book! Stanley Cup odds are live at MySportsbook.com, the world’s largest online sportsbook and casino.
The Ottawa Senators and Detroit Red Wings remain on top of the odds charts after an impressive start in the preseason. Betting lines opened for both teams at 6-1 in June. Since then the Sens have fallen to 7-1 and the Red Wings are now caught in a pack including the defending champion Carolina Hurricanes, the San Jose Sharks and the Anaheim Ducks, all at 10-1.
MySportsbook.com has also posted props on each team’s point total for the regular season. The Senators lead the charge at 108.5 followed by the Ducks at 106.5. Detroit will attempt a repeat for the prize as the Red Wings are deadlocked with the Predators at 104.5 a piece. The temporary loss of highly touted rookie Evgeni Malkin puts a lot of pressure on the stick of assistant captain Sidney Crosby - his lowly Pittsburgh Penguins are listed at 71.5.
Even if bettors are not brave enough to put their money on the underdog, an early bet on the favorites at sportsbook.com tends to produce bigger payouts than a mid-season wager. Placing a $1,000 bet last summer on the Detroit Red Wings or Ottawa Senators would have paid out to $8,000 and $10,000 respectively, opposed to a $2,500 or $3,000 payout at the beginning of the playoffs.
2007 Stanley Cup Odds
Ottawa Senators
Detroit Red Wings
Carolina Hurricanes
San Jose Sharks
Anaheim Ducks
Philadelphia Flyers
Calgary Flames
New Jersey Devils
Buffalo Sabres
Dallas Stars
New York Rangers
Nashville Predators
Vancouver Canucks
Colorado Avalanche
Minnesota Wild
Tampa Bay Lightning
Boston Bruins
Florida Panthers
Montreal Canadiens
Atlanta Thrashers
Toronto Maple Leafs
Edmonton Oilers
Phoenix Coyotes
Los Angeles Kings
New York Islanders
Columbus Blue Jackets
St. Louis Blues
Pittsburgh Penguins
Washington Capitals
Chicago Blackhawks |
7-1
10-1
10-1
10-1
10-1
12-1
12-1
12-1
12-1
15-1
15-1
15-1
20-1
20-1
25-1
25-1
30-1
30-1
30-1
30-1
30-1
30-1
40-1
40-1
50-1
50-1
80-1
80-1
100-1
100-1 |
2007/07 NHL Regular Season Points - Team Must Play 82 Games
Team
Ottawa Senators
Anaheim Ducks
Detroit Red Wings
Nashville Predators
San Jose Sharks
Calgary Flames
Philadelphia Flyers
New Jersey Devils
Buffalo Sabres
Carolina Hurricanes
Dallas Stars
New York Rangers
Minnesota Wild
Atlanta Thrashers
Montreal Canadiens
Team
Los Angeles Kings
Tampa Bay Lightening
Vancouver Canucks
Boston Bruins
Colorado Avalanche
Edmonton Oilers
Phoenix Coyotes
Toronto Maple Leafs
Florida Panthers
Columbus Blue Jackets
New York Islanders
Chicago Blackhawks
St. Louis Blues
Washington Capitals
Pittsburgh Penguins |
Over/Under
108.5
106.5
104.5
104.5
103.5
101.5
100.5
99.5
97.5
97.5
97.5
95.5
94.5
93.5
92.5
Over/Under
91.5
91.5
91.5
89.5
89.5
88.5
88.5
86.5
84.5
82.5
80.5
72.5
72.5
72.5
71.5 |
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