The NBA announced Monday that Allen received 53 points in the voting while James tallied 52. Each player earned 25 First Team votes.
Los Angeles Clippers guard Chris Paul (37 points, 15 First Team votes), Oklahoma City Thunder forward Serge Ibaka (46, 17), New York Knicks center Tyson Chandler (24, nine) and Chicago Bulls center Joakim Noah (24, right) rounded out the first team.
It is noteworthy that Marc Gasol, who was named the NBA's defensive player of the year, was not voted to the all-defensive first team. He was relegated to the second team along with Boston Celtics guard Avery Bradley, Grizzlies guard Mike Conley, San Antonio Spurs forward Tim Duncan and Indiana Pacers forward Paul George.
The voting was completed by the league's 30 head coaches.
Chicago Bulls guard Kirk Hinrich and forward Luol Deng will likely not play in Monday's Eastern Conference semi-final game against the Miami Heat.
Bulls coach Tom Thibodeau told reporters that Hinrich has only made some progress in recovering from a calf injury and Deng is still not healthy enough to make it through practice while coming back from an illness.
The New York Knicks were without guard J.R. Smith, guard-forward Iman Shumpert and forward Kenyon Martin during practice Monday.
The Knicks host the Indiana Pacers on Tuesday for Game 4 of their Eastern Conference second-round series. The Pacers lead 2-1.
Smith and Martin have illnesses and are considered game-time decisions. Shumpert has a sore left knee, but plans to play Tuesday.
Golden State Warriors forward David Lee told NBA.com Sunday that he will likely have surgery after the play-offs to repair his injured hip flexor.
Lee, who sustained the injury during Game 1 of the Warriors' first-round playoff series against the Denver Nuggets, said he will keep playing this season, though.
Jerry Sloan met with Milwaukee Bucks management to discuss the Bucks' coaching vacancy, according to USA Today. He is being seriously considered, according to the report.
Phil Jackson's chances of becoming the Toronto Raptors' president of basketball operations are "remote," according to Sportsnet.ca.
It has been reported that Jackson has interest in running a team's front office.
However, Jackson reportedly wants to keep his options open, including waiting out the proposed sale of the Sacramento Kings to a Seattle group, before making a decision.
The Los Angeles D-Fenders of the NBA D-League announced that they hired Mark Madsen as head coach. Madsen is a former Stanford star and nine-year NBA veteran.