I asked my sports fan son in Seattle for the story behind this. It’s pretty interesting.
Here’s what he said:
Well, this is a long story.
The Sonics might be leaving because of Hurricane Katrina. How’s that for connections? 
Oklahoma City hosted the New Orleans Hornets for a couple of seasons because of the damage in New Orleans. While the Hornets were in OKC, the basketball fans turned out and the team drew a decent number of people. Also, there are no other pro teams in OKC, so businesspeople there would like to become Portland someday. 
A group of OKC-area businessmen (bored after forming Swift Boat Veterans for Truth to try to get Bush elected) bought the Sonics from Howard Schultz (Starbucks guy and local owner). Howard had sold fans on a five-year plan to contention, but bailed after year three claiming the arena was too small and the lease was too bad.
So the OKC owners come here, try to get a new arena built, run into local business leaders still smarting from the owners of the Mariners and Seahawks doing the same thing and surprise, surprise, can’t get a new arena done.
An initiative passes up here (I-91) which will make it harder to raise taxes to build new stadia.
One of the minor owners let it slip that the owners had no intention of keeping the team in Seattle, so now it’s become a multi-million-dollar production of good cop/bad cop while the CEO of the group tries to do damage control.
The owner was told recently that he can’t get out of the lease early through arbitration. The lease runs through 2010.
If the group is able to move the team, it will cost them $29 million ($1 million to each other NBA team owner) and a relocation fee and a settlement fee for getting out of the lease early – if they can. One theory is that the ownership group isn’t that rich and they may not able to afford all of that and may try to make it work here.
Meanwhile, one of the guys from Schultz’s group formed another group and has offered to buy the team. The OKC group says the team is not for sale. The OKC group has also turned down an offer from the Muckleshoot Tribe to build an arena next to Emerald Downs. They gave him a decent offer considering how bad the team has been recently.
So the hope is now that 1) the OKC group will be forced to the stick to their lease and maybe the team will be good enough by then for other people to want to keep them around and 2) the new local group will show the NBA that there are rich people here that want to keep the team here and the NBA will force the OKC group to sell to them to keep a team in this country to play close to the Portland team.
History is on the Sonics’ side. The NBA hasn’t moved an old team like this in a long time and this area has shown it will support pro basketball when the owners don’t screw with it.
Not that I’ve given this any thought or anything. 