The club has reached agreement with its captain on a new contract, according to sources. The deal is said to be for four years, with certain options for both sides after the first three.
The numbers were not available, but Pierce will in the 2010-11 season make significantly less that the $21,513,521 he was scheduled to receive. That will aid the Celtics’ position versus the luxury tax.
Pierce will be 33 when the season starts, so a four-year deal seems a bit long, but it sounds like both sides have options in the final year.
The fact that Pierce re-signed with Boston shouldn’t come as a surprise. He said all along that he wanted to retire a Celtic and the team needs him to stay competitive.
Update: The deal is apparently for four years and $61 million per the Boston Globe. This is a good price for a player of Pierce’s caliber.
Photo from fOTOGLIF
