The team cleared $20.7 million of cap space Wednesday by reportedly agreeing to a three-team deal with the Celtics and Nets.
Ray Allen has spent the past two seasons playing with James for the Miami Heat. According to ESPN.com, Allen was considering retirement after the Heat's loss to the San Antonio Spurs in the NBA Finals, but "has since changed his mind and is leaning toward returning for a 19th season in the league." Allen played in 73 regular season games, and all 20 of the Heat postseason games. The 38-year-old averaged 9.6 points, 2.0 assists, and 2.8 rebounds per game during the 2013-14 season.
Mike Miller spent last season with the Memphis Grizzlies, but spent the previous three seasons with the Heat. Miller played in 82 games last season and averaged 7.1 points per game.
- Sarah Barshop