Seattle Supersonics Team Formation
NBA Finals Winners
The 1979 NBA World Championship Series at the conclusion of the 1978 - 1979 season were won by the Seattle SuperSonics defeating the Washington Bullets 4 games to 1. The series was a rematch of the 1978 NBA Finals which the Washington Bullets had won 4-3. Due to a better regular season record, the Bullets had home court advantage.
Barry Ackerley Purchases Sonics
Schultz Cannot Get a New Arena
On July 18, 2006, Schultz sold the team to Clayton Bennett, chairman of the Professional Basketball Club LLC, an Oklahoma City ownership group, for $350 million, after having failed to convince the city of Seattle to provide public funding to build a new arena in the Greater Seattle area to replace KeyArena. At the time of the team's sale, it was speculated that the new owners would move the team to their city some time after the 2006 - 2007 NBA season. On July 2, 2008, the city of Seattle reached a settlement with the new ownership group and the SuperSonics moved to Oklahoma City and became the Thunder for the 2008 - 2009 NBA season. The sale to the out-of-state owners considerably damaged Schultz's popularity in Seattle. In a local newspaper poll, Schultz was judged "most responsible" for the team leaving the city. Before the city of Seattle settled with the Oklahoma City ownership group, Schultz filed a lawsuit against Bennett in April 2008 to rescind the July 2006 sale based on what Schultz claimed was fraud and intentional misrepresentation. However, Schultz dropped the lawsuit in August 2008. When Bennett purchased the SuperSonics and its sister franchise in the WNBA, the Seattle Storm, for $350 million, he agreed to a stipulation that he would make a "good-faith best effort" for one year to keep both teams in Seattle.
Relocation to Oklahoma City
In June 2008, a lawsuit between the City of Seattle and Bennett regarding Bennett's attempts to break the final two years of the Sonics' lease at KeyArena went to federal court, and nearly a month later the two sides reached an agreement to settle. The terms awarded the city $45 million to get out of the remaining lease at KeyArena, and could provide an additional $30 million payment to Seattle in 2013 if certain conditions are met. The owners agreed to leave the SuperSonics name, logo and colors in Seattle for a possible future NBA franchise; however, the items would remain the property of the Oklahoma City team along with other "assets," including championship banners and trophies. On September 3, 2008, the team name, logo, and colors for the Oklahoma City franchise were revealed to the public. The name "Thunder" was chosen due to Oklahoma being a frequent victim of powerful storms for its location in the Tornado Alley, and Oklahoma City housing the 45th Infantry Division, the Thunderbirds.
Arrival of Kevin Durant
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|Team Information||Team History|
Chesapeake Energy Arena
2012 - present
NBA Championships: 1
|*Red is this team's history|