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OILERS STRIKE DEAL TO MOVE TO NASHVILLE THIS FALL
Published February 14, 1997
In Houston, Harris County commissioners have agreed to a $5.25M buyout with Oilers Owner Bud Adams that would allow him to move the team to TN this fall and the county to begin "searching in earnest" for a replacement team, according to John Williams in the HOUSTON CHRONICLE. Commissioner El Franco Lee said the agreement, which the team accepted, is for $3.75M plus the team's $1.5M practice facility. The deal will be voted on at Commissioners Court on February 25, and still must be approved by the city of Houston and Astrodome USA. A representative from Mayor Bob Lanier's office said Lanier "does not intend" to block the deal, but he said the team must reimburse the city for legal fees, as much as $500,000, incurred the past two years dealing with the team (HOUSTON CHRONICLE, 2/14).