Updated: July 2, 2012, 7:54 am ET

Sources: Sixers, Lavoy Allen Reach Deal

By HOOPSWORLD
Basketball News & NBA Rumors

The 76ers reached agreement in principle on a two-year, $6 million contract extension with Lavoy Allen on Sunday, the first day of free agency, according to sources with knowledge of the situation.

The deal cannot be officially signed until the moratorium on signings is lifted on July 11

via John N. Mitchell of The Philadelphia Inquirer

Your comments are important to us, so please share your thoughts. We will be rolling out prizes and giveaways for our active Commenters. Please keep the comments above board and respectful to everyone and you could win some great stuff from us at HOOPSWORLD.