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An eight-member group of Oklahoma City-based businessmen led by Clay Bennett join to form the Professional Basketball Club, LLC and agree to purchase the Seattle SuperSonics and WNBA’s Storm for $350 million
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Sonics owners file an arbitration demand seeking a ruling by arbitrators that would prevent Seattle officials from forcing the Sonics to remain at KeyArena through 2010. A judge later denies the request.
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Sonics owners file a relocation application with the NBA seeking to move the franchise to Oklahoma City.
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Oklahoma City officials sign a letter of intent with the Sonics ownership group, outlining preliminary terms of a 15-year lease agreement for the use of the Ford Center.
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Formal announcement at Leadership Square that the Seattle SuperSonics will be called the Oklahoma City Thunder.
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Thunder plays its first-ever regular-season game and loses 98-87 to Milwaukee at home.
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Thunder replaces coach P.J. Carlesimo with assistant Scott Brooks on an interim basis.
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Construction for the first phase of the Ford Center’s $100-million renovation.
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Oklahoma City Thunder make the playoff for the first time known as the thunder
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Brooks agrees to a multi-year contract and formally becomes head coach.
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Improved record by 27 from the previous year
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Thunder are leading the Western Conference with a 20-5 record
