The Chicago Sun Times reported that Nate McMillan and the Sonics have come to a verbal agreement. According to my sources this is not accurate.
According to the people I spoke with today, the Sonics contacted Lonnie Cooper, Nate's agent, about 3 to 4 weeks ago about starting the talks.
Nate’s camp stuck with the same plan of action they have had all season long that they wanted to wait until the regular season is over.
The Sonics still plan on retaining Nate and hope to have a deal done quickly once the season is over.
General Manager Rick Sund is also without a contract as of July 1.