The Knicks owner said Oakley is banned from stepping foot inside Madison Square Garden as a result of the altercation, which has owned headlines across the National Basketball Association and added yet another ring to New York's circus this season.
After superstars such as LeBron James, Dwyane Wade and Chris Paul spoke up for him, Charles Oakley has another prominent figure in his corner for his battle with Knicks owner James Dolan.
The truce took place in NBA Commissioner Adam Silver, who confirmed the meeting in a statement. Sprewell sat next to Dolan and received a standing ovation from the crowd as one of several former Knicks in attendance in what was universally recognized as a blatant attempt by the Knicks to show they care about their former players in the wake of what happened with Oakley.
A manager told investigators that Oakley then made racial comments about "white boys" and yelled about having "no respect" for police.
Oakley was banned by Dolan after an altercation during a Knicks home game last Wednesday in which Oakley was physically removed from the arena and later arrested. Dolan himself is a recovering alcoholic.
Per the release, Jordan joined the meeting by phone and appears that have helped facilitated the progress between the two men. "Mr. Dolan expressed his hope that Mr. Oakley would return to MSG [Madison Square Garden] as his guest in the near future".
What followed was a bewilderingly tone deaf PR offensive by Dolan, insinuating Oakley had an alcohol or anger problem and people close to Oakley hinting that he might sue for the damage done to his reputation.
The nasty public spat has threatened to send the losing-record Knicks into further tailspin, with Rev. Al Sharpton threatening to organize a picket of games on Monday, before news of the treaty broke.