July 18, 2006 Clay Bennett and a group of Oklahoma businessmen buy the Sonics and Storm for $350 million, pledging a "good-faith" effort...
July 18, 2006
Clay Bennett and a group of Oklahoma businessmen buy the Sonics and Storm for $350 million, pledging a “good-faith” effort to keep the team in Seattle.
The state Legislature rejects the Sonics’ proposal to fund a new $500 million arena in Renton mostly with an extension of taxes currently paying off Safeco and Qwest fields. In response, Bennett threatens to relocate the Sonics and the Storm.
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Sonics co-owner Aubrey McClendon confirms the suspicions of many Sonics fans when he tells an Oklahoma newspaper, “We didn’t buy the team to keep it in Seattle; we hoped to come here.” The NBA fines McClendon $250,000 for the remark.
Sept. 24, 2007
Seattle files a lawsuit seeking to hold the Sonics to the KeyArena lease through 2010.
April 13, 2008
Before a crowd wondering if this is goodbye, the Sonics play the season’s last home game at KeyArena, and win.
April 15, 2008
Former owner Howard Schultz says he has hired a lawyer and plans to file a lawsuit against Bennett. “The damages that are being sought is to rescind, unwind the transaction,” attorney Richard Yarmuth says.
April 18, 2008
NBA approves Sonics’ move to Oklahoma City.
July 2, 2008
City, Bennett settle lawsuit, clearing move to Oklahoma City.
Aug. 29, 2008
Schultz withdraws his lawsuit to rescind his 2006 sale of the Sonics. “We are part of a disappointing history that has unfolded,” Schultz wrote in a letter to the former ownership group in Seattle. ” … I feel accountable for accepting their (Oklahoma buyers’) assurances at the time. Assurances I now know to be dishonest.”
The Maloofs engage in negotiations with Anaheim, Calif., billionaire Henry Samueli to move the team to Anaheim. Sacramento Mayor Kevin Johnson says he thinks the Kings are probably gone.
June 16, 2011
Chris Hansen meets with Seattle Mayor Mike McGinn and a small group for lunch at The Rainier Club. Hansen proposes an arena in the meeting, one of many such discussions.
After the Maloofs and city officials in Sacramento agree to a tentative deal to finance a new arena, the two sides fall apart, with each claiming they can’t trust the other.
Oct. 15, 2012
The Metropolitan King County Council and Seattle City Council approve an agreement with Hansen to build a $490 million sports and entertainment venue with $200 million in public funds.
Jan. 8, 2013
Daina Falk, the daughter of NBA agent David Falk, sends out this tweet: “So I hear that the Seattle Kings is officially a done deal! The Maloofs finally sold the ailing Sacramento team.” It sits largely ignored for a few hours before exploding.
Jan. 21, 2013
The NBA announces that the Maloof family has agreed to sell the Kings to a Seattle group led by Hansen. It is announced that Hansen’s group will buy 65 percent of the franchise, which is valued at an NBA-record $525 million.
Feb. 28, 2013
Johnson gives a speech declaring there are investors who want to buy the Kings and build a downtown Sacramento arena.
March 26, 2013
Sacramento city officials approve a deal to build a new arena and retail center downtown. The arena reportedly costs $448 million and will be built on the site of a shopping mall.
April 29, 2013
The NBA’s Relocation Committee unanimously recommends that the NBA Board of Governors deny the application of the Sacramento Kings to relocate to Seattle.