With the 2013 NBA draft in the books, teams can now turn their attention to the free-agency period and adding and subtracting the necessary pieces to build a contender.
There are a number of coveted free agents set to become available this July, including All-Star center Dwight Howard. The Los Angeles Lakers star will likely be hearing several offers this summer, but he'll have to wait a few more days before he hits the market.
With free agency heating up and rumors swirling, we'll break down the latest post-draft buzz around the league.
Ray Allen Likely to Opt Out of Contract This Summer?
Miami Heat sharpshooter Ray Allen played a huge role for the NBA champions this past season, but it's looking more and more likely that the veteran will opt out of his contract this summer.
According to Fox Sports Florida's Chris Tomasson, a source close to the situation says that although Allen is likely to opt out of his contract this summer, he is expected to return to the Heat and that both sides want to make it work.
Below, Tomasson explains the benefit of opting out for Allen:
Allen made $3.09 million last season and has an player option for 2013-14 worth $3.23 million. However, if he opts out, he could, under the non-Bird exception, re-sign with the Heat for $3.708 million next season, which would be the maximum allowed 20 percent raise.
Allen averaged 10.9 points per game on 45 percent shooting from the field and 42 percent shooting from beyond the arc in 79 regular-season games last year with Miami.
He averaged similar numbers in the postseason but sunk the shot of the season late in Game 6 of the NBA Finals to force overtime, where the Heat went on to win before winning it all in Game 7.
Brooklyn Nets Pursuing Jason Collins?
Obviously, the Nets would be looking to acquire Collins for cheap in the wake of a blockbuster deal that, according to ESPN, will bring Paul Pierce, Kevin Garnett and Jason Terry from Boston to Brooklyn. Per Wojnarowski:
Garnett and Pierce played with Collins in Boston last season, and one Celtics source told Yahoo! Sports that Garnett was extremely frustrated when Boston traded him to Washington at the February deadline.
Collins began his career with the Nets, playing six and-a-half seasons in New Jersey before becoming a journeyman. Since 2008, he has made stops in Memphis, Minnesota, Atlanta, Boston and Washington.
The seven-foot center is 34 years old and is averaging 3.6 points and 3.8 rebounds per game for his career.
Is Rasheed Wallace Returning to Detroit?
Rasheed Wallace retired for a second time this past season after attempting a comeback with the New York Knicks, but he could be making a return to the NBA as an assistant coach. According to Detroit Pistons beat writer David Mayo of MLive.com, the Pistons and Wallace have talked about the possibility.
Mayo writes: "The Detroit Pistons' talks with Rasheed Wallace about becoming an assistant coach have not advanced to the level of contract discussions, a source said."
Wallace played five-and-a-half seasons in Detroit, helping the Pistons win the title in 2004. He also played for current Pistons head coach Maurice Cheeks a decade ago in Portland.
According to Mayo, "Cheeks first reached out to Wallace about a week after he was hired, a source said. He has yet to make a staff hire since becoming the Pistons' head coach this month."
As a former NBA champion and a four-time NBA All-Star, Wallace is certainly qualified to join an NBA bench next season. And given what he accomplished in Detroit, the Pistons would be an ideal fit.
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