SuperSigning: Sonics agree to deal with Allen
Seattle, WA (Sports Network) – The Seattle SuperSonics and guard Ray Allen have agreed to terms on a five-year contract extension worth a reported $85 million.
According to the Seattle Post-Intelligencer, Allen will be paid $80 million in salary, with a potential for $5 million in bonuses for the “highest level” of team and individual accomplishments.
However, the deal cannot become official until the free agent signing period begins on July 22.
“He has asked me to convey his excitement and his enthusiasm for remaining in Seattle and building and continuing the extraordinary success he had last year,” Allen’s agent Lon Babby told the paper.
Allen, considered the class of the free agent market, had been wooed by LeBron James of the Cleveland Cavaliers, while also being courted by the Atlanta Hawks and Golden State Warriors, but in the end decided to remain in the Emerald City.
The 29-year-old Connecticut product averaged a team-best 23.9 points-per- game last season and has scored 20.6 points a contest in 657 games in his career.
Allen was chosen by the Minnesota Timberwolves with the fifth pick overall in the 1996 NBA Draft. His draft rights were then traded along with a future first-round pick to Milwaukee on June 26, 1996 for the draft rights to guard Stephon Marbury.
After six-plus seasons with the Bucks, Allen was shipped to Seattle at the 2002 trade deadline as the centerpiece of a blockbuster multiplayer deal that also included guard Gary Payton.
A five-time All-Star, Allen was also a member of the gold medal-winning U.S. Olympic team in 2000.SEA