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Oklahoma City approves basketball arena development agreement

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Oklahoma City approves basketball arena development agreement


A development agreement for a professional sports arena in Oklahoma City, costing at least $900 million, won approval Tuesday in a 7-2 city council vote. 

The deal with the owners of the National Basketball Association’s Oklahoma City Thunder allocates the lion’s share of the project’s funding to the city, with the team contributing $50 million. 

Oklahoma City will own the state-of-the-art National Basketball Association arena — targeted for completion in June 2028 and no later than June 2030 — and will be responsible for its maintenance, City Manager Craig Freeman told council members ahead of their 7-2 vote approving a development agreement.

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In December, Oklahoma City voters overwhelmingly approved the continuation of a Metropolitan Area Projects (MAPS 4) one-cent sales tax for six years beyond its April 1, 2028, expiration date. The revenue will secure a minimum of $772 million in financing for the project, according to City Manager Craig Freeman. The city will also contribute $78 million in MAPS 4 funds that have been earmarked for Paycom Center, which has been the Thunder’s home since 2008.

Those two funding sources are the only public funds available for the project, Freeman told the city council.  If costs exceed budgeted funds, the deal calls for the parties to “work together to value engineer the project” and that PBC Sports and Entertainment LLC, the Thunder’s owner, has the option to privately fund portions of the project, according to a city summary of the agreement.

Oklahoma City will own the state-of-the-art NBA facility — targeted for completion in June 2028 and no later than June 2030 — and will have the ultimate responsibility for its maintenance, Freeman said.

The arena’s financing plan is unclear. Oklahoma City Chief Financial Officer M. Brent Bryant, who did not immediately respond to a request for comment, said in December the city will evaluate various financing options while the design and construction timeline is developed. 

Prior to that, the use of privately placed tax anticipation notes, structured like a line of credit, was being considered to bridge the gap until the arena facility sales tax collections begin in 2028.

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MAPS financing began in 1993 with voter approval of a temporary one-cent sales tax. City voters passed the debt-free, pay-as-you-go funding method in subsequent years, most recently MAPS 4 in 2019 to raise a projected $1.1 billion over eight years starting in 2020. 

Under the approved development agreement, revenue from the voter-approved sales tax that remains after the arena’s construction and repayment of financing costs will be allocated to capital improvements and maintenance of the arena, which will be located at the city-owned site of the former Cox Convention Center.

The team’s 25-year commitment to remain in Oklahoma City begins when it moves into the new arena.

Last week, Oklahoma Gov. Kevin Stitt signed into law a bill that gives major league sports teams that have at least $10 million in new payrolls within a year quarterly state rebate payments for up to 5% of the actual gross payment of sport-league jobs employed by the team for the duration of the team’s existence in Oklahoma, according to a legislative report on the measure. 

The payments are capped at $10 million annually and would be clawed back if the team does not remain in Oklahoma for more than three years.

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Oklahoma transfer LB Dasan McCullough commits to Nebraska

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Oklahoma transfer LB Dasan McCullough commits to Nebraska


Oklahoma transfer LB Dasan McCullough commits to Nebraska

Oklahoma transfer linebacker Dasan McCullough has committed to Nebraska, he confirmed on Instagram Sunday afternoon.

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The 6-foot-5, 235-pound McCullough spent the past two seasons in Norman with the Sooners. He began his college football career in 2022 at Indiana, where he earned Freshman All-American status.

McCullough will come to Nebraska with one season of eligibility remaining.

McCullough, who played Oklahoma’s versatile hybrid linebacker/safety position called the Cheetah, suffered an injury before the start of Oklahoma’s fall camp this season and missed the first five games. He returned to the field in October and played in the final seven games, the last five of which he started. He recorded 17 tackles and 2.5 tackles for loss in 2024.

In 2023 at Oklahoma, McCullough played in 10 games and started seven while making 30 tackles with 3.5 TFLs and three pass deflections.

McCullough, who was a star recruit and ranked No. 61 nationally in the 2022 class, comes from a football family. His dad, Deland McCullough, played running back in the NFL and is currently Notre Dame’s associate head coach and running backs coach.

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While Deland spent three seasons as the Kansas City Chiefs’ running backs coach from 2018-20, Dasan played his high school ball at Blue Valley North High School in Overland Park, Kansas. Deland became Indiana’s associate head coach and running backs coach in 2021, and Dasan, then an Ohio State verbal commit, flipped to Indiana not long after.

Dasan followed his father to Bloomington and made an impact right away. He played in all 12 games with four starts and racked up 51 tackles, 6.5 TFLs, four sacks and four pass deflections. He gained Freshman All-American honors and a Big Ten honorable mention selection.

— Steve Marik, Inside Nebraska staff writer,

Analysis

McCullough is a versatile backend defender that can play a variety of roles in Nebraska’s defense.

A rare blend of size and athleticism at 6-5, McCullough shows good speed and change-of-direction ability for his size. Has high-end instincts and IQ, which shows up in zone coverage and reacting against the run. Has had some intriguing flashes as a pass-rusher, but largely relies on athleticism to get into the backfield, still developing consistent pass rush moves.

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Technically sound tackler, though lean he’s got wiry body strength. Consistent aggression could improve as could hip fluidity. Athletic enough to hold his own in man coverage, technique can continue to improve, better in zone at this point in his career.

In Nebraska’s scheme, McCullough can play all three linebacker positions, rover or even safety if needed. He’s likely best at inside linebacker with a few pass-rush opportunities.

This addition provides Nebraska defensive coordinator John Butler something of a chess piece to move around his defense.

— Tim Verghese, Inside Nebraska recruiting analyst

Additional analysis

McCullough is a versatile and sizable defender who played both a traditional linebacker position and Oklahoma’s “cheetah” spot, which is roughly equivalent to the nickel. He also saw some periodic snaps as an edge rusher for the Sooners during his two years in Norman.

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McCullough at his best against the run, as he takes good pursuit angles, fills gaps responsibly and is a reliable tackler. That said, he’s intelligent and instinctive in zone coverage and can generally be trusted to hold his own in man-to-man matchups against tight ends and running backs.

McCullough ought to be quite the chess piece in John Butler’s defense, and could truly thrive in Lincoln depending on the Huskers’ specific vision for his diverse skill set.

— OUInsider writer Parker Thune

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Fears leads No. 14 Oklahoma against Central Arkansas

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Fears leads No. 14 Oklahoma against Central Arkansas


Associated Press

Central Arkansas Bears (3-8) at Oklahoma Sooners (11-0)

Norman, Oklahoma; Sunday, 1 p.m. EST

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BETMGM SPORTSBOOK LINE: Sooners -28.5; over/under is 145.5

BOTTOM LINE: No. 14 Oklahoma hosts Central Arkansas after Jeremiah Fears scored 30 points in Oklahoma’s 87-86 victory over the Michigan Wolverines.

The Sooners have gone 6-0 at home. Oklahoma has a 2-0 record in games decided by less than 4 points.

The Bears are 0-6 on the road. Central Arkansas ranks fourth in the ASUN with 23.8 defensive rebounds per game led by Brayden Fagbemi averaging 4.6.

Oklahoma averages 82.0 points, 5.2 more per game than the 76.8 Central Arkansas allows. Central Arkansas averages 9.0 made 3-pointers per game this season, 2.5 more made shots on average than the 6.5 per game Oklahoma allows.

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TOP PERFORMERS: Fears is scoring 17.9 points per game with 3.5 rebounds and 4.6 assists for the Sooners.

Layne Taylor is scoring 17.0 points per game and averaging 4.4 rebounds for the Bears.

LAST 10 GAMES: Sooners: 10-0, averaging 80.9 points, 29.3 rebounds, 14.1 assists, 10.1 steals and 1.9 blocks per game while shooting 47.3% from the field. Their opponents have averaged 68.5 points per game.

Bears: 3-7, averaging 73.0 points, 34.3 rebounds, 14.3 assists, 8.8 steals and 1.8 blocks per game while shooting 38.9% from the field. Their opponents have averaged 75.7 points.

___

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The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.




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Firefighters respond to commercial fire in Oklahoma City

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Firefighters respond to commercial fire in Oklahoma City


OKLAHOMA CITY (KFOR) – The Oklahoma City Fire Department responded to a commercial fire near the area of NW 10th and N Western Avenue.

OKCFD were at the scene of a commercial fire around 7 p.m. Saturday night, when they arrived there was heavy smoke visible from multiple floors of a boarded up building.

One adult female was found in the building and taken to the hospital for smoke inhalation.

At this time no cause has been reported.

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Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

For the latest news, weather, sports, and streaming video, head to KFOR.com Oklahoma City.



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