Ray Allen agrees to 5 year deal with the Sonics

http://sports.espn.go.com/nba/news/story?id=2100705

Ray Allen was wooed by LeBron James, Mike Dunleavy and that Atlanta Hawks for the last five days. In the end, he decided that there was no place like home.

Allen's agent, Lon Babby, said Tuesday morning that Allen has agreed to terms with the Sonics on a five-year deal.

Babby refused to divulge the contract amount. The Sonics' last known offer was for 5 years, $75 million, and their latest offer is expected to exceed that

PHEW!!
 
Well, that sucks.

I was hoping Allen would take the Cavs money, which would most likely drop the Sonics from playoff contention next year.
 
5 years, $80 million with $5 million in performance bonuses.

Which, by the way, is WAY below the max.
 
5 years, $80 million with $5 million in performance bonuses.

Which, by the way, is WAY below the max.

Not really. It IS a year short of the new max though.

In fact, I think what happened is that Ray Allen got his video from the Cavs, checked out their contract offer (likely the max) and went back to the Seattle front office and said, "match this and I'll stay."
 
Now I have to root for the Cavs to land Redd, just out so self interest so they don't end up going after Mobley as a consolation prize.
 
I can't believe that the Cavs have any shot at landing Redd.

I doubt the Bucks would have made any of their moves of late: drafting Bogut, firing Porter if they didn't think it was exactly what was needed to keep their shooter.

I also can't see them nabbing Hughes or Johnson as the Wizards and Suns will likeley match any deal.

If that's the case, Cleveland will be much better served saving the cash for next summer rather than wasting it on second tier free agents.
 
funkykingston said:
Not really. It IS a year short of the new max though.

In fact, I think what happened is that Ray Allen got his video from the Cavs, checked out their contract offer (likely the max) and went back to the Seattle front office and said, "match this and I'll stay."

Wouldn't max for him be a contract starting at around 17M, with a 12% raise every year? If so:

17,000,000 + 19,040,000 + 21,324,000 + 23,883,776 + 26,750,000

for a total of 107,997,776 over 5 years
 
BORING!!!

So Boring.

I like to see player movement. Every year. En masse.

One advantage to the NFL system of hard caps and no contracts.
 
Wouldn't max for him be a contract starting at around 17M, with a 12% raise every year? If so:

17,000,000 + 19,040,000 + 21,324,000 + 23,883,776 + 26,750,000

for a total of 107,997,776 over 5 years

I suppose I should clarify what I meant. The new CBA states that the max contract for a player not re-signing with the original team is 5 years with annual raises of 8%. This contract starts at either 30 or 35% of the salary cap, believed to be about 48 million.

For Allen, this means that the Cavs could offer him between 85-97 million over five years, depending on which starting figure is used. Seattle COULD offer an extra year and 10% raises, but I'm guessing that this was a situation where Allen was asking the Sonics to match the best offer he could get on the open market and he would return.
 
If the Sonics don't have to give Allen the max, then perhaps there will be a modicum of sanity in other player negotiations.

;)
 
Ray Allen34 said:
a max contract for Ray would of been a 6 year, 103 million contract.

The difference between the max, is the extra year. Ray is getting max dollar per year. He is now going to be payed 16 mill a year that is way to much. I think Pedja's contract now will be set at atleast 13 million a year or higher. Like I said before with the new CBA the max contracts are shorter and less expensive and on top of that the salary cap has gone up thus meaning more max contracts given out to players that would not get one before.
 
Last edited:
jacobdrj said:
BORING!!!

So Boring.

I like to see player movement. Every year. En masse.

One advantage to the NFL system of hard caps and no contracts.

Uh...NFL system sucks for that very reason. No real teams. Just random guys in uniforms. Sucks to be a fan when you have to reacquaint yourself with half the team every year.
 
funkykingston said:
I can't believe that the Cavs have any shot at landing Redd.

I doubt the Bucks would have made any of their moves of late: drafting Bogut, firing Porter if they didn't think it was exactly what was needed to keep their shooter.

I also can't see them nabbing Hughes or Johnson as the Wizards and Suns will likeley match any deal.

If that's the case, Cleveland will be much better served saving the cash for next summer rather than wasting it on second tier free agents.

They might, but they could have a major problem with their young star if they don't give him any tools to compete with. And if he starts to get restless...

Actually if he starts to get restless I'm reproposing an old trade of mine -- ALL of the Kings for LeBron. :D Just start compeltely over with the biggest star in the game as your anchor.
 
Bricklayer said:
Uh...NFL system sucks for that very reason. No real teams. Just random guys in uniforms. Sucks to be a fan when you have to reacquaint yourself with half the team every year.

Same thing can be said with most NBA teams. Spurs have 1 player from there 1999 Title and what 4 from there 2003 title. Turnaround in the NBA is massive, turnaround in major sports is massive. Speaking of which, there are what 2 Kings from our 2002 team still on the team? Bibby and Peja, weird. Only 4 from 2004. Again weird. Team turnover is very vivid in NBA, especially with the likes of the Kings, Lakers, Heat, Rockets, Spurs, Suns, Utah, etc. etc.
 
bigbadred00 said:
there are what 2 Kings from our 2002 team still on the team? Bibby and Peja, weird.

B-JAX!
bjaxbjaxbjaxbjaxbjaxbjaxbjaxbjaxbjaxbjaxbjaxbjaxbjaxbjaxbjaxbjaxbjaxbjax
 
funkykingston said:
I suppose I should clarify what I meant. The new CBA states that the max contract for a player not re-signing with the original team is 5 years with annual raises of 8%. This contract starts at either 30 or 35% of the salary cap, believed to be about 48 million.

For Allen, this means that the Cavs could offer him between 85-97 million over five years, depending on which starting figure is used. Seattle COULD offer an extra year and 10% raises, but I'm guessing that this was a situation where Allen was asking the Sonics to match the best offer he could get on the open market and he would return.

You're right... I was going by old CBA rules (duh)...

Ray Allen's salary this past season was $14,625,000. This means that, under CBA rules (old and new) he is entitled to a max starting salary of $15,356,250 (105% of salary @ end of contract). Under the new CBA rules, he can get a max 10% raise every year.
Year 1: 15,356,250
Year 2: 16,891,875
Year 3: 18,581,062
Year 4: 20,439,168
Year 5: 22,483,086
Year 6: 24,731,395
5 yr @ max: $93,751,441
6 yr @ max: $118,482,836

Instead of 85 million over 5 years (which is what is now being reported and is about the most that any team other than the Sonics could offer).

Still, it's good to see he didn't threaten to leave or pressure them into a max contract (as far as we know)... as VF said, maybe there will be some sanity this offseason after all.
 
Jose said:
You're right... I was going by old CBA rules (duh)...

Ray Allen's salary this past season was $14,625,000. This means that, under CBA rules (old and new) he is entitled to a max starting salary of $15,356,250 (105% of salary @ end of contract). Under the new CBA rules, he can get a max 10% raise every year.
Year 1: 15,356,250
Year 2: 16,891,875
Year 3: 18,581,062
Year 4: 20,439,168
Year 5: 22,483,086
Year 6: 24,731,395
5 yr @ max: $93,751,441
6 yr @ max: $118,482,836

Instead of 85 million over 5 years (which is what is now being reported and is about the most that any team other than the Sonics could offer).

Still, it's good to see he didn't threaten to leave or pressure them into a max contract (as far as we know)... as VF said, maybe there will be some sanity this offseason after all.

How is that sanity when they are paying over 16 million a year? Expect Pedja I am afraid somewhere near the same amount
 
Jose said:
You're right... I was going by old CBA rules (duh)...

Ray Allen's salary this past season was $14,625,000. This means that, under CBA rules (old and new) he is entitled to a max starting salary of $15,356,250 (105% of salary @ end of contract). Under the new CBA rules, he can get a max 10% raise every year.
Year 1: 15,356,250
Year 2: 16,891,875
Year 3: 18,581,062
Year 4: 20,439,168
Year 5: 22,483,086
Year 6: 24,731,395
5 yr @ max: $93,751,441
6 yr @ max: $118,482,836

Instead of 85 million over 5 years (which is what is now being reported and is about the most that any team other than the Sonics could offer).

Still, it's good to see he didn't threaten to leave or pressure them into a max contract (as far as we know)... as VF said, maybe there will be some sanity this offseason after all.

There really isn't a big difference between what Ray Allen got and a full max contract according to those figures. Ray Allen basically got a max contract by all accounts, and I bet he got a little more than 85 mil. when all is said and done.
 
Being from Seattle let me tell you guys(and gals) what the real story on Ray's signing.


1st off-Ray was not going to get more than a 5-6 year deal from the Sonics, let alone ANY team in the NBA. He's good, and clutch, but in 6 years he will be 37 years old and if still around will not average more than 12 points a game, if that!

2nd-Ray chose to talk to other teams because the Sonics(Wally Walker, Rick Sund) would not give him a 2-4 year contract. They got burned before from players like Jerome James, Jim McIlvaine, Vin Baker, and so on. His asking price for just a ONE YEAR deal was $25 million-which is Shaq, Kobe and Vince Carter type numbers. No way the Sonics could pay him that much for one season. So, he chose to look at other teams.

3rd and final-I'm quite positive that Howard Schultz is upset with Nate McMillan and not winning a championship this past season. Nate is a SOFT Coach and is on his way to Portland, I'm quite sure. The reports are he will get $60-80 million for whatever years(I think it said 8 seasons) and Howard would rather give that money to Ray than to pay Nate that much. So now the Sonics are looking for a coach and also looking to re-sign players like Jerome James(god knows why), Ronald Murray, Vladimir Radmanovic and Vitaly Potapenko.
 
Yo33Fan said:
Being from Seattle let me tell you guys(and gals) what the real story on Ray's signing.


1st off-Ray was not going to get more than a 5-6 year deal from the Sonics, let alone ANY team in the NBA. He's good, and clutch, but in 6 years he will be 37 years old and if still around will not average more than 12 points a game, if that!

2nd-Ray chose to talk to other teams because the Sonics(Wally Walker, Rick Sund) would not give him a 2-4 year contract. They got burned before from players like Jerome James, Jim McIlvaine, Vin Baker, and so on. His asking price for just a ONE YEAR deal was $25 million-which is Shaq, Kobe and Vince Carter type numbers. No way the Sonics could pay him that much for one season. So, he chose to look at other teams.

3rd and final-I'm quite positive that Howard Schultz is upset with Nate McMillan and not winning a championship this past season. Nate is a SOFT Coach and is on his way to Portland, I'm quite sure. The reports are he will get $60-80 million for whatever years(I think it said 8 seasons) and Howard would rather give that money to Ray than to pay Nate that much. So now the Sonics are looking for a coach and also looking to re-sign players like Jerome James(god knows why), Ronald Murray, Vladimir Radmanovic and Vitaly Potapenko.

Thanks for the info, Yo33Fan. And...welcome to KingsFans.com!!
 
Yo33Fan said:
3rd and final-I'm quite positive that Howard Schultz is upset with Nate McMillan and not winning a championship this past season. Nate is a SOFT Coach and is on his way to Portland, I'm quite sure. The reports are he will get $60-80 million for whatever years(I think it said 8 seasons) and Howard would rather give that money to Ray than to pay Nate that much. So now the Sonics are looking for a coach and also looking to re-sign players like Jerome James(god knows why), Ronald Murray, Vladimir Radmanovic and Vitaly Potapenko.


So. . .they have no interest in matching a Reggie Evans offer? Because that would be sweet.
 
How could I forget about Reggie Evans??? My bad! My Apologies to everyone, and thanks to those who have welcomed me. I'm a die hard Celtics fan living in Seattle as well as a big fan of both the Kings and Monarchs. Many thanks to my friend Chris Webber(met him at Michigan when he played college ball) and also Yolanda Griffith(met her through her agents, Aaron & Eric Goodwin-also Gary Payton and Paul Pierce's agents).


I was sad to see Chris leave and he misses Sac big time!
 
Bricklayer said:
Uh...NFL system sucks for that very reason. No real teams. Just random guys in uniforms. Sucks to be a fan when you have to reacquaint yourself with half the team every year.
football teams are also much bigger, so its hard to know everyone. half the guys on the roster don't play anyways.
 
Yo33Fan said:
So now the Sonics are looking for a coach and also looking to re-sign players like Jerome James(god knows why),.

God knows the Sonics and Kings will meet again in the playoffs, so Jerome James will be needed for five more games.
 
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