English 101 - Paper 4 - Argument Sources

English 101 - Paper 4 - Argument Sources - Title: On the...

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Title: On the Block? , By: Thomsen, Ian, Sports Illustrated, 0038822X, 2/6/2006, Vol. 104, Issue 5 Database: Academic Search Premier Find More Like This On The Block?
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Section: Inside The NBA A crucial date to determine the Sonics' future in Seattle looms, and the team's owner says he's prepared for the worst The next three weeks will be ripe with rumors of player movement. But the most intriguing negotiations will be held in Seattle , and they might lead to the relocation of the Sonics . For the last three years the Sonics have been lobbying the Seattle city council for a more favorable lease on KeyArena, as well as for funds to either refurbish the 10-year-old building or build a new facility. By the middle of the month a six-person panel appointed by the mayor will issue a report endorsing the team's proposal to the city council and state legislature. That, however, would leave the legislature less than a month to study the report and vote on a bill that would earmark $200 million for the team when its lease expires in 2010. If the money isn't appropriated by March 9, the last day of the legislative session, the team will have to wait until January to appeal to the legislature again. Don't expect Sonics officials to spend those 10 months sitting on their hands. "We've instructed [team president] Wally [Walker] to look at all alternatives," principal owner Howard Schultz told SI on Sunday in his first extended interview on the subject. "You don't have to be that smart to understand what that might mean." One of those alternatives would be to investigate the construction of a privately built arena in Greater Seattle , perhaps in suburban Bellevue. Another would be to move the Sonics to a market known to be interested in acquiring an NBA franchise (Las Vegas, Norfolk, Oklahoma City) or to one of the three cities--Anaheim, Kansas City and San Jose--that, according to team sources, have privately made overtures to Sonics officials. In a meeting arranged by their friend, former NFL star Ronnie Lott, Walker and San Jose Sharks president Greg Jamison met last month to discuss the Sonics' potential move to HP Pavilion, a 18,500-seat facility built in 1993 for hockey. The facility is seeking an NBA tenant after having served as the temporary home for the Warriors in 1996--97 while The Arena in Oakland was being renovated. Team sources say that because the owners are entrenched in the community--Schultz is chairman of Seattle -based Starbucks--they are unlikely to ruin their local reputations by moving the city's oldest major-league sports franchise. What they will strongly consider, the sources say, is a third option: to sell to an outside buyer, who might not hesitate to relocate. One of the team's 57 minority owners estimates that the Sonics could be had "for somewhere in the high 300s," the going rate for a franchise based on the sales of the Celtics ($360 million), Suns ($401 million) and Cavaliers ($375 million) over the last five years. If the team goes on the market, Schultz says that he will seek the highest price on behalf
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This note was uploaded on 04/07/2008 for the course ENGL 101 taught by Professor Magie during the Fall '06 term at Bellevue College.

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English 101 - Paper 4 - Argument Sources - Title: On the...

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