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Hornets pay Oklahoma City $3.8 million settlement

Updated: October 3, 2006, 5:20 PM ET
Associated Press

OKLAHOMA CITY -- Oklahoma City accepted a $3.8 million settlement offer Tuesday to cover its expenses from the New Orleans Hornets' temporary relocation and its share of the team's revenues from a successful first season in the city.

The offer, approved unanimously by the mayor and the City Council, was included in an amendment to the team's temporary relocation agreement and also includes terms for the team's second season in Oklahoma City and an option for a third season considered to ...

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