Marc Stein of ESPN is reporting that all-star shooting guard, Ray Allen will re-sign with the Seattle Supersonics.

The contract is believed to be for five years and worth eighty million dollars, plus five million dollars in incentives.

The deal cannot become official until July 22nd.

Seattle spokesman Marc Moquin said the team couldn't comment on the agreement.

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