Guard Ray Allen has picked up his player option, and he will return to play for the Miami Heat next season, the team announced Friday.
Terms of deal were not disclosed, but ESPN.com reported it was a $3.2 million option.
Allen, a 17-year NBA veteran who turns 38 years old next month, appeared in 79 games for the Heat this past season, averaging 10.9 points and 25.8 minutes per game.
He ranked second on the team in games played and three-point field goal percentage (41.9 percent).
Allen's most memorable play this season came in Game 6 of the NBA championship series against the San Antonio Spurs. With the Heat trailing 3-2 in games and down by three points in the closing seconds of the fourth quarter, Allen hit a three-point shot from the corner with 5.9 seconds left to tie the game and send it into overtime. Miami won that game in overtime, then won the decisiding Game 7 to capture their second straight NBA title.
--- Denver Nuggets forward Andre Iguodala opted out of his contract and will become a free agent, according to multiple reports.
Iguodala had one more year on his deal that would have paid him $15.9 million.
Iguodala averaged 13 points, 5.5 assists and 5.3 rebounds last season. He spent the first eight seasons of his NBA career with the Philadelphia 76ers.
---The Philadelphia 76ers denied a report that they hired San Antonio Spurs assistant coach Brett Brown as their new head coach.
The New York Daily News reported Thursday that the 76ers hired Brown. However, Sixers general manager Sam Hinkie said the team has not made a hire yet.
Hinkie said no one has been formally interviewed since the team parted ways with Doug Collins at the end of the regular season.
---The 76ers also announced they acquired the draft rights to forward Arsalan Kazemi, who played at Oregon last season.
Kazemi, the first Iranian-born player to compete at the NCAA Division I level, was taken No. 54 overall after the Sixers traded to get the pick.
---The Brooklyn Nets are interested in signing free-agent center Jason Collins, Yahoo! Sports reported.
Collins, the first openly gay player in NBA history, played for the Boston Celtics and Washington Wizards last season.
He revealed in May that he is a homosexual.
Collins, 34, was a teammate of new Nets coach Jason Kidd and played under then-coach Lawrence Frank for seven seasons. Frank is now an assistant under Kidd.
---Dallas Mavericks star Dirk Nowitzki said he has talked with center Dwight Howard, but has not been aggressively recruiting the soon-to-be free agent.
"I reached out to him and told him we'd love to have him," Nowitzki said Thursday night, according to ESPN Dallas. "That's really about it. It's not like we call each other every day."
---The Mavericks acquired No. 43 overall draft pick Ricky Ledo from the Philadelphia 76ers for a 2014 second round pick, the Mavericks announced.
Ledo, a 6-foot-7 shooting guard out of Providence, was ruled ineligible by the NCAA last season but was allowed to practice with the Friars.
---The Minnesota Timberwolves exercised their one-year option on forward Dante Cunningham, the team announced.
Cunningham, 26, is coming off his best season with 8.7 points, 5.1 rebounds, 0.8 assists and 25.1 minutes per game. He appeared in 80 games.