Ray Allen, Rashard Lewis sign with Heat

Published On: Jul 11 2012 11:27:47 AM EDT   Updated On: Jul 11 2012 12:47:44 PM EDT
Ray Allen with Heat jersey
MIAMI -

Ray Allen and Rashard Lewis have signed their contracts with the NBA champion Miami Heat, and will be introduced in news conferences later Wednesday. 

Allen agreed to join the Heat on Friday. Lewis agreed to terms with Miami on Tuesday. Neither deal could be completed until the NBA's offseason moratorium expired Wednesday. 

Allen will make just over $3 million this season. He comes to Miami after five seasons with the Boston Celtics, who offered the NBA's all-time 3-point leader nearly twice as much money as the Heat were permitted to spend. 

Lewis will earn about $1.35 million from the Heat, plus another $13.7 million after getting a buyout from the New Orleans Hornets earlier this offseason.

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