Bennett Says Sonics Could Lose $60 Million If Forced To Stay

Hooped Up | June 19, 2008

Sonics owner Clay Bennett on Wednesday predicted a bleak final two seasons if the team is forced to play out its KeyArena lease.
Wrapping up his testimony in a federal trial over whether he can break the lease before it expires in 2010, Bennett noted he is “not real popular” in Seattle and said the dark cloud hanging over the Sonics would make it difficult to sign players and sell tickets. The Sonics say they will lose $60 million in Seattle if required to play two more seasons here. The team predicts a profit of $17 million over that period if it’s playing in Oklahoma City.