Sonics to City: Drop Dead

P-I: Sources: Sonics Sold to Oklahoma City

Times: Sonics Sold to Oklahoma City Group

There's 3pm news conference to discuss details of the sale.

Here's a wonderful example of corporate leadership, from the Times article:

In a meeting with team employees this morning, Sonics officials said they were committed to keeping the team in Seattle although they declined to give specifics on how that would happen.