Don't be happy to see Ray go. It's easy to see why Danny's nervous about the SG position. Barring an unlikely sign+trade scenario for Ray who would have to be agree to the destination, it's either:
Ray Allen + $5 million MLE to be used on any position
or
A vet-min scrub (i.e., RH/SP/MD quality) + $5 million MLE to be used if possible on a SG.
Some seem to think that we could head into the season making a run at the crown depending on AB (NBA career 3FG% of 33%) coming off 2 surgeries on both shoulders, EM, who may not make the roster, and MP who is really more a defensive player than offensive one for his career. Since we've reached out to the other major free agent SGs available, it appears Danny has figured out that this is a problem.
The problem with getting a replacement for Ray is that there's a good chance that we won't get any decent SG with the $5 million MLE. Both Mayo and Crawford opted out to make more money than that. Terry, who is every NBA team's second choice (and mine) to Ray Allen, probably ends back in Dallas if DWill stays with the Nets (which seems likely).
Ray's leaving probably screws us big time, especially if he leaves to the Heat.