Thanks Ray, the lunchbox is in the mail!
Break out the "fine champagna": it looks like Ray-Ray is re-signing with the Sonics.
All-Star shooting guard Ray Allen has agreed to a new contract that will keep him with the Seattle SuperSonics, SI.com has learned.All right, Nate, now it's your turn!
Terms of the deal were unknown. Last February negotiations broke down on a five-year extension in which the Sonics were offering $75 million while Allen was holding out for an $80 million deal.
Allen's return to the Sonics is expected to help them in their contract negotiations with coach Nate McMillan, who expressed reservations about returning to Seattle unless Allen and other free agents were re-signed.
UPDATE: It's official: Ray Allen re-signs with the Sonics for five years, $80 million.