Dennis Daugs makes offer to buy and keep Sonics in Seattle

SEATTLE - Dennis Dougs, a member of the former ownership group, has sent a letter to Clay Bennett to express Daugs' desire to buy the Sonics. Howard Wright, a local Seattle investor, was contacted by Daugs, as a potential investor.
Daugs has an interest in keeping the team in Key Arena. He knows what he's getting into, unlike Clay Bennett.

This announcement came as a response to today's announcement by Clay Bennett that he will apply to the NBA to relocate the Sonics, but not the Storm. The Storm may not be as popular in OKC unless they change the uniforms to green and gold aprons, and give control of the decisions concerning their bodies to men (to hell with that). One year and one day after the side letter agreement Bennett signed with the former ownership group to give a "good faith" effort to get an arena deal in place he is announcing that he is going to submit to the NBA a request to relocate the Sonics, but not the Storm.

I would like to know how binding that side letter is, and if Daugs can use that to regain ownership of the teams? I would like to know if just a single former owner can act on the letter, like Daugs, or does it require the entire group? I would like to know if a simple solution can be found in a simple letter, if not, why not?
If anybody has a copy of the letter leave a contact note in the comment section linked below this story, ALL of the comments go into a moderator file.

The simpleton (that's me) thinking goes: If there was a side-letter agreement written to all of the owners that bennett would give a good faith effort for one full year then it's not to hard to argue that he didn't give that effort. He backed off the 10/31/07 date by one full and legal day, I do not think it had ANYTHING to do with not overshadowing the home opener (yes, I'm calling Clay Bennett a big, fat, liar even if some will not), and that it had a LOT to do with 366 days passing since taking ownership. Think about it for one second, when has Bennett acted not NOT overshadow the team's presence in Seattle by throwing cold water on any upbeat and exciting moment for the team? Answer: NEVER!
He backed off the 1031/07 date for the same reasons he's done anything involving the Sonics, that's to cover his legal ass so he can take the team back to OKC.

So, how about that letter, and how about a person from the former ownership group stepping up to buy the team. We have one of those things on day one of taking the team back from Clay Bennett, from here on out know as the Renter of the Sonics, Clayton Bennett.

The announcement 366 days in the making is linked here.

And I thought it was going to be John McCaw.

Have a great day,
Mr. Baker

Sent from my iPhone