Jun 20, 2013; Miami, FL, USA; Miami Heat shooting guard Ray Allen celebratea after defeating the San Antonio Spurs in game seven in the 2013 NBA Finals at American Airlines Arena. Miami Heat won 95-88 to win the NBA Championship. Mandatory Credit: Steve Mitchell-USA TODAY Sports

Ray Allen to Opt Out of Contract With Miami Heat

In a bit of a shocking move, Ray Allen has decided to opt out of his contract with the Miami Heat – this according to the Sun Sentential.

Shortly after 8 p.m. Tuesday, the Heat issued a release that announced, “both forward James Jones and forward Rashard Lewis have exercised their player options for the 2013-14 season. Per club policy, terms of the deal were not disclosed.”

The player-option deadline is Saturday.

The reality is that Ray Allen is not opting in.

That said, don’t expect Allen to leave the Heat.

By opting out, Allen can now use the non-Bird exception rule which will allow him to get a contract with up to a 20% raise over his previous $3.1 million dollar salary and it would also allow him to sign up to a 4 year contract. Of course, at 37 years of age, it’s unlikely he’d sign any deal longer than two years at most. Still, Allen wants to get paid for his services and it appears he’s going to make the Heat cough up some dough for him to stay in South Beach.

Tags: Miami Heat Ray Allen

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