Celtics Agree to Terms with Posey
August 25, 2007
by FLCeltsFan 3:54 PM
According to the Herald, the Celtics have agreed to terms with James Posey, one of the biggest free agents still remaining. By this afternoon, the sides had reached agreement on a deal that will pay Posey just over $3 million - the amount left on the team’s mid-level exception - next season. The full contract will pay him $7 million over the next two years, with Posey holding an option on the second season.
Posey’s decision is significant, considering that the Celtics initially considered his price to be too high. But dynamics of the market drove Posey’s price down.
According to agent Mark Bartelstein, Posey could have received more to play in some other locations, but was attracted by the Celtics’ growing allure as eastern conference contenders. Posey brings playoff and finals experience as well as a defensive presence. This should put to an end the discussions about Rubin Patterson. We now have 15 players under contract. One, Manuel, is not guaranteed so we can expect that he may be waived to give us room for a veteran PG that the team very much needs.
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