SportsBusiness Daily — Sports Business Resources — your sports business news and information source. Learn More
Advanced
Home About Us Advertise With Us Marketplace/Classifieds College & University Program Subscribe/Trial My Account

Tuesday
July 29, 2008
Print This Issue


 
MOST VIEWED STORIES
View the top 20 stories
 
Recent Issues
Franchises

Attorney Claims NBA Trying To Intimidate Schultz To Drop Suit

Attorney Says NBA Attempting To
Intimidate Schultz To Drop Lawsuit
The attorney representing Starbucks Chair & CEO Howard Schultz in his suit to rescind his '06 sale of the Sonics to Owner Clay Bennett claimed that the "timing of the NBA's request to gain involvement in the case and threats by commissioner David Stern to make things 'very expensive' for Schultz if he pursued legal action” showed the league is attempting to “intimidate” Schultz into dropping his suit, according to Greg Johns of the SEATTLE POST-INTELLIGENCER. Attorney Richard Yarmuth noted the NBA "jumped into the fray six days after Schultz ... refused to participate in the settlement agreement that allowed the franchise to move to Oklahoma City." Yarmuth is pushing for "'bifurcation' of the lawsuit, asking the case be split into two phases." The NBA has told Schultz that it "believes he is responsible for all legal fees in any litigation with the [Oklahoma City NBA franchise] based on an indemnification agreement signed at the time of the sale's approval, even should he win the lawsuit" (SEATTLE POST-INTELLIGENCER, 7/29). Stern Friday said in a statement that "'there were no threats expressed or implied' in a conversation he had with Schultz about the former ownership group participating in the previous settlement between the city of Seattle" and Bennett's ownership group (DAILY OKLAHOMAN, 7/29).

SALES FORCE: In Oklahoma City, Darnell Mayberry reports the Oklahoma City NBA team is "close to finalizing ticket prices and contacting fans who signed up for the franchise's ticket request list." Bennett's spokesperson Dan Mahoney said that the sales staff "will be in place next week after much of the department transitions from Seattle" (DAILY OKLAHOMAN, 7/29).

Related Stories By Company Related Stories By Sport
Pro Sports See High Sales On Black Friday
December 2, 2008 : SportsBusiness Daily

Are Knicks Allowed To Ban Marbury?
December 2, 2008 : SportsBusiness Daily

NBA Franchise Notes
December 1, 2008 : SportsBusiness Daily

Catching Up With NBA's Heidi Ueberroth
November 26, 2008 : SportsBusiness Daily

Deal For LeBron Docu Involves Sponsors
November 25, 2008 : SportsBusiness Daily

Pro Sports See High Sales On Black Friday
December 2, 2008 : SportsBusiness Daily

WNBA Houston Comets Suspend Operations
December 2, 2008 : SportsBusiness Daily

Jazz Look To Make Arena More Profitable
December 2, 2008 : SportsBusiness Daily

Are Knicks Allowed To Ban Marbury?
December 2, 2008 : SportsBusiness Daily

ESPN Offers Holiday Hoops Coverage
December 1, 2008 : SportsBusiness Daily

ALSO IN THIS SECTION


A Publication of Street & Smith's Sports Group
Privacy Policy - Terms of Service
© 2008 Street & Smith's Sports Group
All Rights Reserved