Posted on: July 3, 2010 11:45 pm
Edited on: July 4, 2010 12:02 am
Paul Pierce is officially staying in green-and-white, finalizing his four-year, $61 million contract with the Celtics Saturday night, a person with knowledge of the agreement told CBSSports.com.
Pierce had opted out of the final year of his contract, which would've paid him $21.5 million, in part to give the Celtics flexibility to retain free agent Ray Allen and make a run at another championship with coach Doc Rivers, who announced this week he was returning for the final year of his contract. Pierce, 32, accepted less than the maximum the Celtics could have paid him as a 10-plus-year veteran, which was $96 million over four years. But a person familiar with the situation said the fourth year was fully guaranteed, which had been a sticking point in the negotiations.
Now, the Celtics will focus on retaining Allen, a move that would keep the Big Three -- and point guard Rajon Rondo -- intact for a run at the franchise's 18th championship. Also Saturday night, NBA.com's David Aldridge reported that forward Rasheed Wallace -- who informed the team after the NBA Finals that he planned to retire -- is possibly reconsidering that decision.