• Former Miami Heat shooting guard Ray Allen.

Former Miami Heat shooting guard Ray Allen. (Photo : Getty Images)

Ray Allen, who is attempting a comeback after a two-year hiatus, is reportedly set to make a decision around August or September. Sources close to situation believe the sweepstakes for the no.1 all-time 3-point shooter is down to the Cleveland Cavaliers and the Golden State Warriors.

Allen wants another shot at NBA title at the age of 41. The 10-time All-Star sharpshooter has been receiving offers from multiple teams the past two seasons, but none forced him to come out from his quasi-retirement.

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According to ESPN's Chris Broussard, Allen's representatives have already reached out several teams regarding a potential comeback. As expected, the reloaded Golden State Warriors and the defending NBA champion Cleveland Cavaliers emerge as the favorites to sign the shooter.

Allen to Dubs:

The Warriors pique the attention of Allen following one of the biggest coup in offseason history. Kevin Durant joined Stephen Curry, Klay Thompson, and Draymond Green to form a formidable core in Bay Area.

Allen reportedly wants a role where he can play 15 to 20 minutes at the shooting guard spot. The Warriors, whose offense is predicated on spacing and 3-point shooting, presents an enticing situation for the veteran, who is seeking his 3rd championship ring after winning in Boston and Miami.

Rejoining LeBron in Cleveland:

The Cavaliers also emerge as an ideal destination for Allen, especially after winning the championship. The Cavs have been a stern suitor of Allen with LeBron James as the top recruiter the past two years.

Although James has already changed his stance with regard to pursuing Allen, the Cavaliers are expected to go hard at him, especially if their contract negotiation with J.R Smith collapses.

Allen averaged 9.6 points on 44 percent shooting from the field and 37 percent from the three-point line.

With both teams already exhausting their salary space, Allen has no option but to sign a veteran minimum contract worth roughly $1.2 million. He's expected to make a decision after the Olympic break.