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Celtics looking to add Jason Terry and re-sign Ray Allen

The Celtics are reportedly set to give Jason Terry the full mid-level exception.

The Celtics are looking to take advantage of their relatively bright cap situation by using the full mid-level exception on Mavericks free agent guard Jason Terry and using the Bird rights to Ray Allen to re-sign the veteran 2-guard.

Yahoo Sports' Marc Spears reported Tuesday that Boston reached a verbal agreement with Terry for $5 million per year over three years. Terry was a vital part of Dallas' 2011 NBA championship squad and is known for his deadly outside shooting (15.1 ppg and 38 percent from 3-point land in 2011-12).

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