NBA Roundtable

Rondo Signs Contract Extension

In General NBA on November 2, 2009 at 7:18 am

Yahoo Sports reports

The Boston Celtics and Rajon Rondo have reached an agreement in principle on a contract extension, Rondo’s agent, Bill Duffy, said early Monday.

League sources said the extension is for five years and guarantees Rondo at least $55 million. With the two sides facing a Monday deadline to get a deal done, Duffy said he called Celtics president Danny Ainge on Sunday to inform him Rondo was prepared to play out his contract and become a restricted free agent next summer because they weren’t satisfied with the team’s previous offers. Ainge, however, surprised Duffy by responding that Rondo’s contract hopes would be met.

“As much as we were willing to wait his contract out, the Celtics stepped up to the plate to meet the original request,” Duffy said by phone. “This is a really fair contract. We wanted him to be paid like one of the top five point guards around. It also allows the Celtics to maintain continuity to continue to be one of the best teams at this time.”

Interesting section at the end of Marc Spears report (Spears is an ex-Celtics beat writer for the Boston Globe)

The Celtics expressed disappointment in Rondo’s maturity over the summer, and even raised his name in trade talks. Since training camp, however, team officials have said nothing but positive things about Rondo’s progress.

“The relationship between Rajon and the Celtics is on the highest level on and off the court,” Duffy said. “It’s a strong bond right now. Any concerns they had relative to this approach are no longer.”

Excellent signing by the Celtics.

Rajon Rondo in terms of current ability is worth more than they paid him. That’s not even taking his potential into consideration … which is considerable.

This is a very good contract for the Celtics.

Update: Marc Spears has the contract figures per annum

C’s Rajon Rondo will make $9 mill ’10-11, $10 mill ’11-12, $11 mill ’12-13, $12 mil, ’13-14, and $13 million ’14-15, according to source.

  1. Great decision by the Celtics. It will be foolish for them not to give him the extension. He’s truly been one of their greatest assets. For me, it’s money well spend.

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