Boston Herald reports
Paul Pierce will remain a Celtic.
The club has reached agreement with its captain on a new contract, according to sources. The deal is said to be for four years, with certain options for both sides after the first three.
The numbers were not available, but Pierce will in the 2010-11 season make significantly less that the $21,513,521 he was scheduled to receive. That will aid the Celtics’ position versus the luxury tax.
I am guessing $60 million over four years.
I don’t like this signing. I think it will hurt, waste, a couple of years of Rajon Rondo’s prime.
Update: Some Early Numbers
According to a source close to the Celtics, Pierce’s new contract is a 4-year, $61 million deal.
Source also told FOXSports.com that all four of Pierce’s years on his new deal will be guaranteed.
Whether that fourth season is guaranteed or not is a very important issue. We’ll have to wait for confirmation.
Update: The fourth year is guaranteed — link