NBA Free Agency News: Ray Allen Joins Miami Heat, Jason Kidd Signs With Knicks

The greatest three-point shooter of all-time is set to the join the NBA's reigning champions. Shooting guard Ray Allen turned down twice as much money from the Boston Celtics to play for the team that defeated them in last season's Eastern Conference finals, the Miami Heat. Allen's decision to leave Boston was apparently fueled by a deteriorating relationship with point guard Rajon Rondo, as well as the heavy trade speculation he endured over the last two seasons.

Allen's presence on Miami is certainly terrifying for the rest of the league. While LeBron James starred throughout the postseason for the Heat, it was the deadly three-point shooting of his teammates that made Miami such a force last season. Allen figures to step right in after signing for the mini mid-level exception, worth $3 million per season.

The Heat likely aren't done adding veteran talent, either.

  • Marcus Camby visited Miami on Saturday. The Heat would have to work out a sign-and-trade with the Houston Rockets to acquire the center.
  • Rashard Lewis could also be on his way to Miami, though the small forward would have to sign for the veteran's minimum. Considering Lewis has made $138 million in his career, he might be able to afford the pay-cut.
  • Future Hall of Fame point guard Jason Kidd is leaving the Dallas Mavericks for the New York Knicks. He'll earn $9 million over the next three seasons.
  • The Pacers said to be "50/50" on whether they will match the max-level offer sheet center Roy Hibbert signed with the Portland Trail Blazers.
  • The Toronto Raptors pulled their tender offer to guard Jerryd Bayless. The 23-year old is now an unrestricted free agent, and the Chicago Bulls could potentially have interest.

For more, stick with SB Nation Chicago. For more on the Bulls, head over to Blog a Bull. For additional news, notes and analysis from around the NBA, visit SB Nation's NBA news hub.

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