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Ray Allen stays Super...
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Old 05 Jul 2005, 12:13 PM   #1 (permalink)
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Default Ray Allen stays Super...

Allen gets five-year, $85M deal from Sonics
Associated Press
Posted: 31 minutes ago

All-Star guard Ray Allen agreed to a five-year, $85 million contract extension with the Seattle SuperSonics, his agent said Tuesday.

Allen cannot sign the deal until the free-agent signing period begins July 22, but agent Lon Babby said Allen plans on signing the contract at the first available moment.
The contract includes $80 million in salary and $5 million in bonuses, although terms of the bonuses and the yearly breakdown of salary hasn't been determined.

Seattle spokesman Marc Moquin said the team couldn't comment on the agreement.

"We did wander in the desert for a while, before we got to the promise land," Babby said on a conference call. "When Ray became a free agent and we had the chance to explore opportunities, we were able to report back to the Sonics on what the market was dictating and they essentially responded accordingly."

Allen earned about $14 million this past season, and the two sides tried to negotiate a new deal during the regular season, but couldn't come to an agreement. Both sides started talks again after the playoffs.
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Well I guess the Cavs have to come hard for Michael Redd now that there is no backup plan...

Late.
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Old 05 Jul 2005, 12:37 PM   #2 (permalink)
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This is a good thing for the Sonics.
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Old 05 Jul 2005, 04:33 PM   #3 (permalink)
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Not surprised Allen stayed. I generally think he likes playing in Seattle.
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Old 05 Jul 2005, 05:54 PM   #4 (permalink)
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Quote:
Originally Posted by The Natural
Not surprised Allen stayed. I generally think he likes playing in Seattle.
that he does. He seems more comfortable there than he ever was in Milwaukee.

Speaking of Milwaukee, I heard that LeBron is trying to get Nike to pay Redd the remaining 20 million in an endorsement deal to make up the difference should Redd join the Cavs.
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