Saturday, July 7, 2012

MIAMI HEAT SIGNS A SHOOTER: RAY ALLEN TAKES A PAYCUT TO SIGN WITH THE DEFENDING NBA CHAMPS

The Miami Heat have scored another free-agent coup, convincing Ray Allen to leave a richer offer from the Boston Celtics and agree to sign with the defending champions, agent Jim Tanner told ESPN.com. The Heat felt positive about the presentation they made to Allen over several hours in a meeting on Thursday in Miami, sources said, but Allen flew back to his home in Connecticut to mull over the decision.

He informed both teams Friday night of his decision. Ray Allen took less money to join the Heat. John Hollinger wonders how far the Celtics have slipped in perception by other players. It is believed Allen will accept the Heat's mid-level exception that starts at $3.09 million and could be worth a maximum of $9.5 million over three seasons.

Boston, where Allen had played for the past five seasons and won a championship in 2008, had offered Allen a two-year deal at double the salary for $12 million plus a no-trade clause. The Boston Herald reported Allen was seeking a three-year, $27 million deal.

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