Oklahoma City Agrees To Settlement Offer

KG-MVP21 · 10-04-2006, 10:58 AM

Seattle Times - Oklahoma City accepted a $3.8 million settlement Tuesday to cover its expenses from the New Orleans Hornets ' temporary relocation and its share of the team's revenues from a successful first season in the city.

The offer, approved unanimously by the mayor and the City Council, was included in an amendment to the team's temporary-relocation agreement. It also includes terms for the team's second season in Oklahoma City and an option for a third season, a contingency for the team in case it cannot return to New Orleans as planned in 2007-08.

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10-04-2006, 10:58 AM	#1 (permalink)
KG-MVP21 All Star Join Date: Jun 2006 Location: Catalonia Posts: 2,503	Seattle Times - Oklahoma City accepted a $3.8 million settlement Tuesday to cover its expenses from the New Orleans Hornets ' temporary relocation and its share of the team's revenues from a successful first season in the city. The offer, approved unanimously by the mayor and the City Council, was included in an amendment to the team's temporary-relocation agreement. It also includes terms for the team's second season in Oklahoma City and an option for a third season, a contingency for the team in case it cannot return to New Orleans as planned in 2007-08.