Clay Bennett and his Professional Basketball Club, the ownership group that moved the Sonics to Oklahoma less than two years ago, reached the settlement agreement last month. It is awaiting approval from a federal judge in Seattle.
About 1,000 former season-ticket holders complained that when the Sonics moved, the team reneged on a deal to let them renew their tickets at 2006-07 prices through 2010.
The fans argued that if they had been allowed to transfer their tickets to Oklahoma City's Ford Center, where the team is now known as the Thunder, they could have then resold them at higher prices.
Bennett declined to comment Thursday.
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