The Great Sonics Swindle of 2008

by lestro

Many thoughts on the Great Sonics Swindle of 2008.

Not being a Sonics fan, I do not have a stake in the team, but I see in the Sonics saga the potential fate of any professional sports team city that has the audacity to stand up and tell billionaires that they are going to have support their own investments.

What happened is this: Former owner and Starbucks magnate Howard Schultz sold the team after failing to get a many hundred million dollar handout form the city and state to renovate the arena they use and reap the profits from. After Schultz realized the people, still sore over the extortion the Seahawks and Mariners laid on them to get Qwest and Safeco Fields, respectively, weren’t gonna pony up for a new stadium, he bailed, selling the team to the group led by Clay Bennett, of Oklahoma City.

Oklahoma City picked up a basketball jones after Hurricane Katrina forced the Hornets to relocate to the capital of Flyover Country while their city was pumped out and rebuilding began. Since there is nothing to do in Oklahoma City, the arrival of the NBA was HUGE and the people came out to support the team.

Once the Hornets went back to New Orleans – because the value of a sports team to a city cannot be measured in dollars alone – Oklahoma City got itchy. Sensing opportunity as well as the realization that yes, a sports team has a value that can;t be measured in dollars alone, Bennett turned his sights on the Sonics.

Bennett promised Schultz and the city that he was not there to steal the team – despite internal emails which revealed he was telling his investors exactly the opposite. But even Schultz said he knew selling the team to a guy from Oklahoma City would spur the government into coughing up money for a new stadium.

So Bennett pledged to negotiate in good faith with the city and state to get his shiny new stadium, knowing full well that what he was asking for demanding was ridiculous. Everything went as expected – excepting the offers from other local cities that were also dismissed – and even the NBA Commissioner – and the guy that inducted Clay Bennett into the Oklahoma Hall of Fame – David Stern approved the outright theft of the team.

The owners, of course, were looking out for their own good, knowing that when they wanted shiny new showplaces for their product, their host cities would have no choice but pony up. After all, if the No. 13 market in the country could lose a team to Oklafuckinghoma ( No. 45), anyone could be next.