- 19,895
- 9,541
- Joined
- Jul 29, 2001
It all hinges on whatever is in the side letter that was part of the original deal. Sounds like there was a specific clause that said Clay had to honor thelease through 2010 as it was declared by the agreement between the franchise and the city and make a good faith effort in the span of the first 12 months toget an arena deal done. Anyone with half a brain realizes none of that happened (or is happening). So this will be interesting to see play out. Clay will havetwo lawsuits to deal with, and possibly a third with the season ticket holders filing a class action.
http://seattletimes.nwsource.com/html/sonics/2004349361_schultz15.html
http://seattletimes.nwsource.com/html/sonics/2004349361_schultz15.html