Allen agrees to new contract with Celtics

Boston Celtics' Ray Allen takes a break against the Los Angeles Lakers during the fourth quarter in Game 7 of the 2010 NBA Finals basketball series in Los Angeles, California, June 17, 2010.

BOSTON (Reuters) - Nine-times All-Star guard Ray Allen has re-signed with the Boston Celtics, the team said on Tuesday as they prepare to win a record 18th NBA title after falling just one win short earlier this year.

Terms of Allen's deal were not disclosed by the team, but the Boston Globe reported the 34-year-old signed a two-year contract worth $20 million.

"Re-signing Ray has been a priority of ours this offseason and this move will allow us to stay at a championship level," Celtics president Danny Ainge said in a statement.

Allen, who won an NBA championship with Boston in 2008, set an NBA Finals record during Game Two this year when he drained eight three-pointers. The Celtics went on to lose the finals to the Los Angeles Lakers in seven games.

"I am ecstatic to be back in Boston," Allen said. "I cannot wait to get onto the court and get back to work with the rest of the team in pursuit of (championship) Banner 18."

Allen, who turns 35 next week, is second all-time in the NBA in three-pointers attempted and made. He was second on the Celtics in average points per game during regular season and playoffs last season.

(Writing by Gene Cherry in Raleigh, North Carolina; Editing by Frank Pingue; To query or comment on this story email sportsfeedback@thomsonreuters.com)