Ray Allen was wooed by LeBron James, Mike Dunleavy and the Atlanta Hawks for the last five days. In the end, he decided that there was no place like home.

Allen's agent, Lon Babby, said Tuesday morning that Allen has agreed to terms with the Sonics on a five-year deal. The contract would be for $80 million over five years with an additional $5 million in performance bonuses.

"We did wander in the desert for a while, before we got to the promise land," Babby said in a conference call with reporters. "When Ray became a free agent and we had a chance to explore opportunities, we were able to report back to the Sonics on what the market was dictating and they essentially responded accordingly."

Allen can't sign a contract until the league lifts its player movement moratorium. That ban is expected to be lifted on July 22, though there's been talk around the league that it could be pushed back as much as week.

The move should have major ramifications for both the Sonics and the rest of the free agent market.

http://sports.espn.go.com/nba/news/story?id=2100705

Didn't see this coming... I thought Ray-Ray would bolt outta Seattle as soon as he could.

he got gassed off last season but hell regret iut when they miss the playoffs this year

Ray Allen doesn't just return to Seattle...He returns rich as hell...Forget school I'm going to spend all day practicing basketball...they have a good salary