The Fig Cap: The "S" will probably be changing to "OKC" as in - goodbye Seattle, hello Oklahoma City!

(Queue music) In the last blog post, we talked about the 2008 NBA Draft and as predicted by most, Derrick Rose went first to the Chicago Bulls. Michael Beasley went to the Miami Heat at number two and the biggest surprise of all, Russell Westbrook went to the Seattle SuperSonics at number four.

Speaking of the SuperSonics, we'll be calling them something else next season as the Sonics will be moving to Oklahoma City. Sonics owner, Clay Bennett and the rest of his ownership group will be paying the city of Seattle $75 million in order to make the move. Seattle retains the rights to the SuperSonics name. It's basically been a foregone conclusion ever since Bennett, whose business is based in Oklahoma City, purchased the Sonics in 2006. However, there is a small ray of hope that a team can come back to Seattle, but the chances seem slim.

However, what won't be slim are a few players' bank accounts. Chris Paul agreed to an extension for four years and $68 million. Baron Davis will be leaving the Bay Area to go back home to Los Angeles with the Clippers as the two sides agreed to a five-year, $65 million deal. And because Antawn Jamison agreed to a four-year $50 million deal with the Washington Wizards, it was easier for Gilbert Arenas to also re-sign with them for six years and $111 million.

Okay, that's it for now... a quick recap of what's been going on in the NBA. I hope everyone in the U.S. had a great holiday weekend, but it's over now and I'll be around a lot more on the regular. How do you all like the redesign of About.com? Pretty awesome if you ask me!

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