This was just posted on the Seattle Times website. Looks very promising:



July 2, 2008 2:01 PM
Godden: Looks like a settlement for Sonics and city

Posted by Jim Brunner

Colleague Sharon Chan reports that she just asked Seattle City Councilmember Jean Godden if the mayor is settling with the Sonics owners.

"It looks like it, but I'm afraid what little I know is sworn to secrecy until after the mayor's press conference," said Godden. A press conference is scheduled for 5 p.m.

Another source confirmed there is a settlement.