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Celtics Sign James Posey

James Posey
James Posey signed a deal with the Celtics today. (Photo Courtesy of nba.com)

Mark Murphy of the Boston Herald reported 20 minutes ago that the Celtics have agreed to terms with free agent forward James Posey. Posey gives the Celtics a key defensive stopper toward the end of games. Talks between Posey and the C’s intensified when word got out that retired guard Reggie Miller was not going to return to the NBA.

Posey will be paid just over $3 million (which is the rest of the Celtics mid-level exception) for next season. The deal is a 2-year deal worth $7 million, with a player-option for 2008.

More from the Herald article:

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.
New Jersey had been close to a deal with Posey this week, but had less money to offer than the Celtics.
Though Posey had been thought to be angling for a return to Miami, the Heat’s signing of Anfernee Hardaway may have changed his thinking.
His modest scoring numbers aside, Posey is considered a high-energy player who is particularly adept that shutting down opposing small forwards and big guards.
At the age of 30, he is not only considered to be a player in his prime, but also one of the NBA’s most highly regarded role players – in short, the perfect player to compliment Paul Pierce, Kevin Garnett and Ray Allen

About KC Downey - @kc_downey

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