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Official NBA Free Agent Frenzy Thread
PLANT:
Reports: Pierce agrees to 4-year deal
ESPN.com news services
Paul Pierce and the Celtics have agreed to a four-year contract extension, according to multiple reports.
Sources told ESPN.com Thursday that Pierce's agent, Jeff Schwartz, and the team were making progress in contract talks and expected a verbal agreement to be secured in advance of July 8, the first day free agents officially can sign deals.
That agreement appears to have come quickly with sources suggesting Piece never engaged in any serious dialogue with other teams despite introductory inquiries from a "few" teams.
The Celtics now have locked down two key leaders on the team in three days, after coach Doc Rivers agreed to return to the Boston bench Wednesday. The team now will turn its attention to unrestricted free agent Ray Allen -- and the rest of its seven remaining unrestricted free agents -- as it looks to keep the core together after winning a title in 2008 and coming six minutes away from another just weeks ago.
FoxSports.com and the Boston Herald reported the deal is worth $61 million.
Pierce opted out of the final year of his contract and sacrificed $21.5 million, but gets the long-term security of a deal that will pay him an average of $15.25 million per season. This could offer the Celtics some financial flexibility moving forward, and saves them valuable dollars on the luxury tax for being over the salary cap.
With a four-year deal, Pierce also nets a valuable no-trade clause that would further ensure he remains in Boston for the duration of his career. He will be on the backside of 36 when the new contract expires.
M Dogg™:
--- Quote from: PLANT on July 02, 2010, 07:15:27 AM ---Reports: Pierce agrees to 4-year deal
ESPN.com news services
Paul Pierce and the Celtics have agreed to a four-year contract extension, according to multiple reports.
Sources told ESPN.com Thursday that Pierce's agent, Jeff Schwartz, and the team were making progress in contract talks and expected a verbal agreement to be secured in advance of July 8, the first day free agents officially can sign deals.
That agreement appears to have come quickly with sources suggesting Piece never engaged in any serious dialogue with other teams despite introductory inquiries from a "few" teams.
The Celtics now have locked down two key leaders on the team in three days, after coach Doc Rivers agreed to return to the Boston bench Wednesday. The team now will turn its attention to unrestricted free agent Ray Allen -- and the rest of its seven remaining unrestricted free agents -- as it looks to keep the core together after winning a title in 2008 and coming six minutes away from another just weeks ago.
FoxSports.com and the Boston Herald reported the deal is worth $61 million.
Pierce opted out of the final year of his contract and sacrificed $21.5 million, but gets the long-term security of a deal that will pay him an average of $15.25 million per season. This could offer the Celtics some financial flexibility moving forward, and saves them valuable dollars on the luxury tax for being over the salary cap.
With a four-year deal, Pierce also nets a valuable no-trade clause that would further ensure he remains in Boston for the duration of his career. He will be on the backside of 36 when the new contract expires.
--- End quote ---
Well Pierce is one of those rare true max contract people, this is a bit surprising. I think that Pierce did this more for the team than himself. I see Ray Allen leaving, but with the extra money Boston can pick up a nice piece that maybe ensure Lakers/Celtics III, the rubber match,
7even:
Considering how old Pierce already is, I say it's a dumb deal by the Celtics. Obviously they will never win a Championship with that core again, so why pay a 37-year-old Pierce 20 mil in 2015? It's stupid.
theremedy360:
--- Quote from: Hans Moleman on July 01, 2010, 08:48:16 PM ---you guys gotta be kidding me
lol @ david stern moving the knicks to seattle hahaha that'd be hilarious
no sport can survive without an NY market
--- End quote ---
It was obviously a joke, just anytime someone talks about shutting a team down I have to explain to them that actually having a team is better than not having one.
.:DaYg0sTyLz:.:
--- Quote from: Hans Moleman on July 01, 2010, 08:33:56 PM ---Darko got way too much $$$
this league is a joke....you tell us you are 400 million in the hole but yet the owners are overpaying GARBAGE players like dark anything more than a 6 figure salary???
--- End quote ---
The league can be in a hole while the owners still have money. The league isnt paying the players.
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