Boston had two major contract concerns heading into the 2009-10 season. They moved quickly to take care of Rajon Rondo, locking him into a 5-year, $55 million contract extension. The soon-to-be-35 year old Ray Allen, on the other hand, appeared to be the forgotten man.
There has been a lot of groundwork laid in Boston to get rid of Allen – the Celtics made several public overtures about their desire to get younger and cheaper at the position on the trade market, putting an extra emphasis on the $18.8 million salary he didn’t quite earn this year (his contract also includes a $1.0 million bonus for winning an NBA title).
The 14-year veteran was supposedly interested in heading south to the Miami Heat or, in order to stay near his home in Connecticut, the New York Knicks.
Heat fans couldn’t help but think to about how nice the free agent-to-be would look in red and black. Allen is the best pure shooter in the game today. He has also secured his place in NBA history as one of the game’s all-time best. No other human has ever been able to duplicate the grace with which he shoots the basketball.
What a difference a few months make.
Unable to find a trade partner in February, it would now appear the Celtics are likely to try to retain the 6’5″ guard for one final season. The change in logic is as much dictated by the team’s finances as it is by Allen’s on-court resurgence.
Allen struggled through a difficult regular season in which he shot just 36.3% from beyond the arc, his worst such mark since his junior season in Milwaukee. His Game 2 performance against the Lakers in the NBA Finals would suggest, however, that Allen still remains a viable scoring option. Allen broke his own NBA Finals record with eight three-pointers, en route to 32 key points in his team’s victory in Los Angeles.
Boston’s financial situation may ultimately dictate his fate.
In the season to come, the Celtics have $63.6 million in guaranteed salary to its six-player core of Paul Pierce (player option), Kevin Garnett, Rasheed Wallace, Kendrick Perkins, Glen Davis and Rajon Rondo. With a salary cap projected at just $56.1 million, allowing Ray Allen to walk would provide the organization no additional flexibility with which to acquire a replacement. The team’s cap space is already used up, and the Mid-Level and Bi-Annual exceptions would be available under either scenario. Read more…