Sonics Trial Blog
Seattle Times reporters Percy Allen, Jim Brunner and Danny O'Neil are filing updates from the courthouse throughout the day.
June 17, 2008 1:56 PM
Posted by Percy Allen
The trial resumed at 1:30 p.m.
A three-year Sonics' outlook plan prepared by the consultant firm, Icon, for chairman Clay Bennett, said the team would lose $26 million in 2007-08, $40 million in '08-09 and $52 million in '09-10.
Bennett denied he traded guard Ray Allen, the team's highest paid player, last year to save money.
If the team is forced to stay in Seattle, Lawrence asked if Bennett would dramatically change how the team spent money. Bennett said no.
Lawrence asked if Bennett would still allow the mayor to see games and Bennett said: "He'll probably be able to see more of them than I'll be able to," which drew laughs from those inside the courtroom.
At 1:42 p.m., Lawrence submitted Exhibit 93, a February 2007 e-mail between Bennett spokesman Brent Gooden and members of the ownership. Bennett wrote: "While I am prepared for us to take responsibility for securing private money in order to ensure this is a true public and private partnership, I will not be committing to a dollar figure for our ownership group."
Lawrence submitted Exhibit 268, a January 2007 e-mail from political adviser Jim Kneeland. In the e-mail, Kneeland reported that Gov. Christine Gregoire said Washington taxpayers will not solve their problem by constructing an arena "with no direct participation on their part."
Lawrence submitted Exhibit 276, a January 2007 memo from Kneeland to Bennett: "We paid $350 million in a rushed auction and subsequently learned that we paid too much based on the current performance of the franchise not just on the court but especially in the overall business operation. What that means for us as owners is it limits how much we can contribute to this new building."
Lawrence asked Bennett why he felt he could get a $500 million arena built even though he was committing just $100 million. "Because you're an eternal optimist right?" Lawrence said.
"Yes," said Bennett.
"Like Mayor Nickels," Lawrence said.
"Not that optimistic," Bennett said.
Lawrence concluded at 1:51 p.m.
Jul 2, 08 - 02:01 PM
Godden: Looks like a settlement for Sonics and city
Jul 2, 08 - 11:49 AM
City and the Sonics discussing settlement?
Jul 2, 08 - 06:00 AM
Judge to rule today in Sonics case
Jun 26, 08 - 07:44 PM
Confidential? Let's talk about it: Slade Gorton's NBA meeting
Jun 26, 08 - 07:22 PM
Press conference audio
Furniture & home furnishings
"mini" black lab puppies
4 SOFT & SWEET cocker spaniel puppy's
9.9 HP Merc Outboard - 4 stroke longshaft. ...
POST A FREE LISTING
Sonics attorneys focus on city's "poisoned well" plan
Bennett says Sonics could lose $60 million if forced to stay in Seattle 2 more years
Sonics CEO: Fans are apathetic
Clay's excuses sound as contrived as his arena plan
On the hot seat: Sonics' attorney trips up Nickels
Attorneys in Sonics case described as tenacious, polite
This judge will decide the fate of the Sonics
Seattle vs. Sonics: Trial starts next week, if there's no settlement
Take a closer look at the Sonics case
More revealing Sonics e-mails emerge
OKC officials inform Schultz they expect Sonics to relocate, no matter who owns team
Sonics e-mail hints at NBA's concern over breach of promise
Howard Schultz suit adds fuel to e-mail fire
NBA owners approve Sonics' move, but legal fight continues in Seattle
E-mails reveal Sonics owners intended to bolt from Seattle
Oklahoma House passes tax package designed to help lure Sonics
2007 "Poisoned Well" document (PDF)
Ward: "Are we doomed to have another lameduck season in Seattle?" (PDF)
Bennett's e-mail to Stern: "You are just one of my favorite people on earth" (PDF)
Clay Bennett and Sonics' court filing (PDF)
Gallery | Seattle SuperSonics: Lasting memories
Gallery | Bittersweet night for Sonics fans
Gallery | Sonics through the years
Gallery | 25th anniversary of Sonics world championship
Gallery | End of a Season, End of a Franchise?
Sports fan "Big Lo" seeks answers from Howard Schultz