Sonics reach settlement with Seattle; will move to Oklahoma City
Basketball Betting Lines
07/02/2008 -
Seattle, WA (Sportsbook Betting Lines) - The Seattle SuperSonics and the City of
Seattle reached a settlement in their tempestuous KeyArena lease dispute on
Wednesday, just hours before a U.S. District Court judge was to rule in the
case.
Under the settlement agreement, Professional Basketball Club (PBC) LLC, an
the Oklahoma City investment group led by Clay Bennett that purchased the
Sonics last year, agreed to pay the City of Seattle $45 million in order to
terminate the KeyArena lease. In turn, the agreement will allow the Sonics to
move to Oklahoma City immediately.
"We believe this is a fair and appropriate resolution to the litigation
involving the Sonics and the City of Seattle," Bennett said. "We are pleased
that the uncertainty is lifted for our players, staff and Oklahoma City fans
who can now make plans for the immediate future.
"We have a business to run and this settlement allows us to make the best
decision for the franchise and allow the City of Seattle to begin planning its
own NBA future."
An additional contingent payment of $30 million will be due in 2013 unless one
of the following occurs: the Washington legislature fails to authorize at
least $75 million of public funding for KeyArena renovations by the end of
2009 or Seattle obtains a new or relocated NBA franchise within that five year
period.
The agreement also includes language regarding a lawsuit filed against PBC by
the Sonics' former ownership group The Basketball Club of Seattle, headed by
Howard Schultz. Under terms of the settlement, if PBC is prevented from
playing home games in Oklahoma City in the 2008-09 or 2009-10 seasons as a
result of the Schultz suit, Seattle will repay PBC $22.5 million for each
season. In addition, if PBC is required to play in KeyArena in the 2008-09 and
2009-10 seasons as a result of the Schultz suit, PBC is released from its
obligation to make the $30 million contingent payment.
The settlement document also confirms that the Sonics name, logo, and colors
will remain available for a potential future NBA franchise in Seattle.
"I was always amenable, as part of a negotiation process, to reserving the
name for Seattle fans," Bennett said. "I feel it's appropriate and we wish
Sonics fans and the city good luck in their efforts to develop a modern NBA
arena and return pro basketball to Seattle in the future."
Details of the name and colors for Oklahoma City's new team are still being
developed and will be announced in the near future.
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MySportsbook.com: NFL draft - The NFC South
In part two of MySportsbook.com’s draft preview, we’ll take a look at a division that was extremely disappointing last season: the NFC South. Many “experts” predicted the Panthers to represent the NFC in the Super Bowl, of course they could not even make the playoffs in an extremely weak NFC. The Saints definitely made up for the disappointing seasons of their NFC South brethren by exploding out of no where en route to the NFC Championship game. For the avid NFL gambler, it is imperative to pay attention to the NFL draft. Although free agency gets a ton of publicity, the successful franchises build their teams around the draft.
1. New Orleans Saints
Who would have thought this time last year that the Saints would be the favorites to win the NFC South for the 2007 campaign? New Orleans is loaded with firepower on the offensive side of the ball but with the exodus of Joe Horn they will most likely look to draft a WR on Day 1. Despite having the NFL’s 3rd ranked pass defense last season, the Saints will most likely upgrade their CB’s with one of their first two picks. Other possibilities for the Saints will be TE and DT. Because of where they will be selecting (27th), the Saints could go the “best available player” route which could net a LB.
Key additions: Eric Johnson TE, Troy Evans LB, David Patten WR
Key loses: Joe Horn WR,
Team needs: CB, WR, TE, LB, DT
Possible draftees: Aaron Ross CB Texas, Darrelle Revis CB Pitt, Ted Ginn Jr. WR OSU, Paul Posluszny LB PSU, Chris Houston CB Arkansas, Greg Olsen TE Miami
2. Carolina Panthers
Carolina was one of the biggest disappointments in the NFL last season. With the signing of David Carr, expect the very first quarterback controversy to come out of Carolina if Jake Delhomme doesn’t rebound quickly from an average 2007 season. With veteran safety Mike Minter getting up there in age, they will look to draft a safety on Day 1 but probably not in the first round. LB is another need with the loss of Chris Draft to go along with Dan Morgan’s concussion problems. If TE Greg Olsen is still on the board, he might be too good to pass up despite their needs on the defensive side of the ball.
Key additions: David Carr QB
Key loses: Chris Draft LB
Team needs: LB, TE, S, OT
Possible draftees: Greg Olsen TE Miami, Patrick Willis LB Ole Miss, Paul Posluszny LB PSU, Levi Brown OT PSU
3. Atlanta Falcons
The Falcons were another NFC South team to have a disappointing 2007 season. The Falcons have been plenty busy during the off season with plenty of players coming and going including a new head coach. The Falcons were able to improve their draft position with the trade of coveted backup QB Matt Schaub. High on the list of Day 1 needs will be a defensive end to replace Patrick Kerney and a hard hitting safety since Lawyer Milloy is nearing the end of his career. With an additional 2nd round pick, the Falcons could attempt to trade up to acquire local product WR Calvin Johnson.
Key additions: Joey Harrington QB, Toniu Fonoti OG, Joe Horn WR
Key loses: Justin Griffen RB, Patrick Kerney DE, Matt Lehr OG, Ashley Lelie WR, Matt Schaub QB
Team needs: DE, S, OT, WR, DT
Possible draftees: LaRon Landry S LSU, Amobi Okoye DT Louisville, Levi Brown OT PSU, Jamaal Anderson DE Arkansas, Alan Branch DT Michigan
4. Tampa Bay Buccaneers
Age really caught up to the Bucs last season. The Bucs still have plenty of household names on defense in Ronde Barber, Simeon Rice and Derrick Brooks but the one thing those three have in common is unfortunately age. It is imperative for the Bucs to get much younger, especially on the defensive side of the ball. Despite having bigger needs on the defensive side of the ball, WR Calvin Johnson is the most likely pick if he is still available when the Bucs pick at the four spot. This would suit Bucs’ faithful just fine as Johnson is widely considered the top talent in the draft and it is a position of need for the Bucs.
Key additions: Jeff Garcia QB, Kevin Carter DE, Torrie Cox CB, Cato June LB
Key loses: Dewayne White DE, Sean Mahan OG
Team needs: WR, LB, DE, CB (Youth on defense!)
Possible draftees: Calvin Johnson WR Georgia Tech, Gains Adams DE Clemson, Jamaal Anderson DE Arkansas
It is never too early to start betting on the NFL. Log on to MySportsbook.com to checkout all of the NFL futures for the upcoming season. On the clock: the NFC North
Odds to win the NFC South:
New Orleans Saints 8-5
Carolina Panthers 2-1
Atlanta Falcons 12-5
Tampa Bay Buccaneers 9-2
Odds to win the NFC:
New Orleans Saints 13-2
Carolina Panthers 7-1
Atlanta Falcons 20-1
Tampa Bay Buccaneers 25-1
Odds to win the Super Bowl:
New Orleans Saints 18-1
Carolina Panthers 20-1
Atlanta Falcons 50-1
Tampa Bay Buccaneers 75-1
To visit this sportsbook get to MySportsbook.com for all your online sportsbook needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.
“You play to win the game!”
Those are the words of notoriously intense head coach Herman Edwards. Unfortunately, from a bettors’ perspective, most coaches don’t feel that way about the NFL preseason. August is a time to evaluate young players, finalize the depth chart and pray your star players stay healthy.
The trick to making money during the exhibition schedule is identifying coaches – like Edwards – who can’t stand losing even when there's nothing on the line.
The New York Jets betting won 15 of 21 preseason games and went 14-7 against the spread (ATS) during Edwards’s five-year tenure with the club. In his first season as the Kansas City Chiefs field boss, the team improved from 0-4 to 2-2.
Identifying win-a-holics like Edwards is a good start if you plan betting the preseason – even though most say you shouldn’t ... but what the hell do they know anyway?
Here’s a brief rundown of two teams that have a habit of winning during the second-stringers’ season, and another club that has a good chance of exceeding this year.
New York Giants betting lines
Playing in the media hub of North America can be stressful but the press can’t write anything negative about the way Tom Coughlin’s boys play in the preseason. The Giants won and covered all four games last summer, improving their record to 7-1 both straight up (SU) and against the spread over the last two years.
Coughlin has shown he’s not afraid to give his starters more time in the second preseason game than most of his colleagues, no doubt one of the reasons his team has been so dominant.
Dallas Cowboys betting lines
Bettors can count on America’s team early on. The Cowboys are 14-6 both SU and ATS since 2002 in warm-up contests. Former coach Bill Parcells, the coach of the team the last four years, has an intimidating, in-your-face presence – surely a reason Dallas has had so much early success.
The Big Tuna won’t be strolling the sidelines with looks of disgust, but new coach Wade Phillips will be anxious to make a good first impression for owner Jerry Jones.
Dallas plays the Indianapolis Colts and the Denver Broncos before things get serious. They then face the Houston Texans in their third contest (the game starters see most game time) and finish off with the Minnesota Vikings.
Expect a Dallas team able to walk away with another 3-1 preseason record.
Oakland Raiders betting lines
This team scored a league-worst 12 offensive touchdowns last season, so the rookies and veterans each have something to prove. There’s a bounty of first-unit jobs up for grabs and plenty of bodies competing for those slots.
First-time head coach Lane Kiffin will be eager to impress an owner who employs the philosophy, “Just win, baby!”
The 32-year-old Kiffin has to command respect from a locker room full of players older than him. All of these factors should lead to purpose in preseason.
Don’t forget: before playing like a team that belonged in NFL Europe, Oakland went 4-1 (both SU and ATS) in exhibition games.
To visit this online sportsbook got to MySportsbook.com for all your football wagering needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.
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