On Tuesday Sonics executives met with officials from the town of Renton, Washington to discuss the possibility of moving the team south to a brand new arena off Interstate 405 -- marking yet another chapter in the political saga surrounding the team's threat to leave Seattle unless it gets a better lease and a $220 million KeyArena renovation.

"If they are going to leave the city, we want them to know that there's an opportunity here for them to consider," said Alexander Pietsch, Renton's economic development administrator, who requested the meeting with developers and Sonics President Wally Walker and Vice President Terry McLaughlin.