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After an injury-riddled 2003–04 season, Allen was named to the All-NBA Second Team in the 2004–05 season and, alongside teammate Rashard Lewis, led the Sonics to the 2005 Conference semifinals. In July 2005, Allen signed a five-year, $85 million contract with the SuperSonics.
The SuperSonics started building their roster in the 1967 NBA draft and the 1967 NBA Expansion Draft. Since then 257 players have appeared in at least one game for the franchise. Nine players were inducted in the Naismith Memorial Basketball Hall of Fame, Ray Allen, Patrick Ewing, Spencer Haywood, Šarūnas Marčiulionis, Gary Payton, David ...
Ray Allen led the team averaging 23.9 points per game as he, and Rashard Lewis were both voted to play in the 2005 NBA All-Star Game in Denver. In the first round of the playoffs , the Sonics defeated the Sacramento Kings in five games, but would lose in the second round to the eventual NBA champion San Antonio Spurs in six games.
The 2004–05 team won the organization's sixth-division title under the leadership of Ray Allen and Rashard Lewis, winning 52 games and defeating the Sacramento Kings to advance to the 2005 Western Conference Semifinals.
Presti's first order of business involved a trade with the Boston Celtics on draft day that sent Ray Allen and the SuperSonics' second round pick Glen Davis to Boston in exchange for the Celtics' first round pick Jeff Green, Wally Szczerbiak and Delonte West.
At midseason, before the trading deadline, the team traded All-Star point guard Gary Payton and Desmond Mason to the Milwaukee Bucks in exchange for All-Star shooting guard Ray Allen. More changes continued as Anderson was traded to the New Orleans Hornets in exchange for Elden Campbell.