Let's not be too sad for our coffee drinking, grunge listening friends from the Northwest.
It's not a matter of 'if' the NBA will return to Seattle...it's a matter of 'when' and 'who', as long as the next ownership group is local and willing to finance a majority of any facility investments.
Clay Bennett took his horse-and-sonic show back to his hood in the O-K-C.
Bennett was bolstered with confidence that his hood could sustain an NBA franchise after seeing the New Orleans Hornets average 18,150 and 17,850 during the 05-06 and 06-07 seasons, respectively, while the city of New Orleans was waiting to get back on its feet after Hurricane Katrina.
And of course, David Stern allowed this move to happen because the city of Seattle didn't want to publicly finance either renovations to Key Arena or a brand new arena.
Geez...I wonder why the citizens of Seattle didn't want to rescue their hoops team.
Oh, that's right...I seem to recall that the citizens of Seattle have already heavily invested in pro sports in their city.
Qwest Stadium, home of the Seahawks, cost $360 million, and the public financed 83% of the costs...$127 M from new sports related lottery games, $101 M in sales taxes from events held at the stadium, $56 M in admissions and parking taxes, and $15 M from existing hotel-motel taxes.
And Safeco Field, home of the Mariners, cost $518 million, $340 million of which came from a one-half-cent prepared food tax in King County and rental-car tax.
So if David Stern draws a line in the coffee beans and mandates that public money be forthcoming for the NBA to even consider a return to Seattle, that could squelch any hoops migration to the Northwest.
And Mr. Bennett may be paying that additional $30 million he'll owe the city by 2013 under those circumstances.
But if a new owner with local roots, deep pockets, and the finesse to at least receive a 25-40% contribution from the public surfaces anytime soon, then we might just see one of several teams replace the Sonics in Seattle.
Who you ask?
The most likely candidates as of now are Memphis, Sacramento, with New Orleans and Charlotte not too far behind.
Refresh my memory again why the NBA allowed a franchise to locate in Memphis...47th media market, relatively poor community in the grander scheme of things.
Oh that's right...new arena (FedEx Forum opened in 2004) and the only game in town.
Well, new arena does not equal successful franchise site selection...and the Grizzlies are a case study on this matter.
Sacramento certainly has seen successful times, but the Maloofs are going Maloofy with the city of Sacramento for the same reason Clay Bennett uprooted the Sonics...lack of public funding for a new facility.
But with the Maloofs ties to Vegas, they might prefer $5 lobsters and Happy Endings on the Vegas strip compared to $5 lattes in the Emerald City.
And then of course there's New Orleans. Even with the amazing season they just had, the Hornets still could only manage attendance levels at 82% capacity.
Though David Stern would love to keep the Hornets in New Orleans for altruistic and PR reasons, the economic sense to keep them there just doesn't make sense in their depressed local economy.
And the Big Johnson, as in Robert Johnson, better start winning in Charlotte. Though their downtown arena is great and fans love their b-ball in the B-belt (as in Bible Belt), that love is for more established brands like the Tar Heels and the Blue Devils and the Deamon Decons...not Bob's Bobcats.
Long story short, Seattle has a history of solid basketball success despite recent years. It's the 14th largest television market, and as such it makes sense for the NBA to return.
What just transpired is going to serve as a future scare tactic for any of the afore-mentioned 'at risk' franchises to get their ships in order.
Otherwise, and if a local Seattle business person or group can ride in on their horse and privately finance at least 2/3rd of any facility investment, then they'll be spilling their lattes and sushi in the aisles at basketball games in the great Northwest once again.
Long live Jack Sikma.