Blog Entry

Pierce tells Celtics he's opting out (UPDATE)

Posted on: June 29, 2010 11:05 pm
Edited on: June 30, 2010 12:31 am
 
Add Paul Pierce to the growing list of elite free agents. The Celtics' star notified the team Tuesday that, as expected, he'll exercise the early termination option in his contract and become an unrestricted free agent, said his agent, Jeff Schwartz.

Under normal circumstances, Pierce, 32, would be pretty well assured of returning to Boston in an attempt to chase down another championship. But these are not normal times for the Celtics. Ray Allen is an unrestricted free agent, too, and coach Doc Rivers continues to wrestle with the decision of whether to return to the bench next season or watch his children play college sports.

In some ways, it's a risky move for Pierce to leave $21.5 million on the table next season. But with so many teams chaseing free agents, Pierce will generate plenty of interest from those who strike out on the top-tier players. If nothing else, Pierce re-ups with the Celtics and surpasses that amount with a multi-year deal.

Though the Celtics want to retain Pierce, it's actually welcome news that he's opting out. Even if Boston pays Pierce the max -- $20.8 million next season for a player of his experience -- they still save $1.5 million due to luxury tax implications. Pierce will make up the difference on the back end, while also locking in for three or four more years under the current salary rules, which will be tilted in the owners' favor in the next collective bargaining agreement. Meanwhile, the Celtics will set about trying to determine if their core -- including Rivers -- is staying together.

Even in the unlikely event that Allen and Pierce both leave, it's farfetched for the Celtics to have enough cap room to afford a marquee free agent. They would have flexibility, however, for sign-and-trades.

Category: NBA
Comments

Since: Jun 22, 2010
Posted on: June 30, 2010 10:59 am
 

Pierce tells Celtics he's opting out (UPDATE)

Pierce is happy to have won a championship in his career he is just looking in to cash out the years he has left in the tank.



Since: Jun 30, 2010
Posted on: June 30, 2010 9:59 am
 

Pierce tells Celtics he's opting out (UPDATE)

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Since: Jun 30, 2010
Posted on: June 30, 2010 9:55 am
 

Pierce tells Celtics he's opting out (UPDATE)

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Since: Jan 26, 2009
Posted on: June 30, 2010 9:40 am
 

Pierce tells Celtics he's opting out (UPDATE)

Not a huge suprise when considering the collective bargaining agreement changing next year to favor the owners more.  It is a good move for both the Celtics and Pierce.  Pierce will get a longer deal and make up the $$$ money difference and then some.  The C's will save against the cap.  But people need to remember that they still have very little room to sign anybody.  They have the mid level exception and the veteran minimum but that's pretty much it.  Rondo's new contract kicks in and Garnett's salary also goes up.  They may be able to make some deals via sign and trades but dont expect too much.  There is no way on earth Wade (who would be my first choice), Bosh, and especially Lebron would be wearing Celtic green next year.




Since: Jun 1, 2010
Posted on: June 30, 2010 9:33 am
 

Pierce tells Celtics he's opting out (UPDATE)

Also in relevant news Rasheed Wallace has retired and signed a multi million contract with Rogaine to search for a cure to his wingworm/baldspot.


emmyliang
Since: Jun 30, 2010
Posted on: June 30, 2010 9:27 am
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emmyliang
Since: Jun 30, 2010
Posted on: June 30, 2010 9:21 am
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emmyliang
Since: Jun 30, 2010
Posted on: June 30, 2010 9:13 am
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Since: Apr 16, 2009
Posted on: June 30, 2010 8:21 am
 

Pierce tells Celtics he's opting out (UPDATE)

I agree, Pierce is going no where.  Pierce opting out only reminds us that this is a business and he is just positioning for an extension with Boston.  He would be crazy not too because his leverage will be very great once Lebron signs somewhere and the teams that he didn't sign with look to spend their money elsewhere.  It's just business.  expect #34 to be back on the parquet come next November.  Not so sure about Ray Ray though.



Since: Feb 15, 2007
Posted on: June 30, 2010 7:57 am
 

WOW- Celtics living right

They can now rebuild. Wallace and Allen and Pierce walk away? Amazing good fortune.

Pierce won't even sniff that money as a FA.


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