Friday , Jul , 02 , 2010 Hoopsvibe

Pierce reduces salary, so Celtics can sign Allen and Lee or Miller?

The Celtics have reached an agreement with captain Paul Pierce to keep him in Boston, according to sources. The new contract is said to be four years and $61M in length, with only three of the seasons fully guaranteed.

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HoopsVibe’s Very Quick Call: The Truth is back. And at a discounted price.

One day into free agency the Boston Celtics have announced they’ve agreed to terms on a new contract with franchise face Paul Pierce.

Pierce’s salary will fall from $21 million to $15 million annually, giving the green-and-white the financial flexibility to re-sign Ray Allen and also add another valuable piece. 

For instance, reports indicate Boston is still talking to Allen, while simultaneously pursuing post David Lee or shooting guard Mike Miller.

In the short-term, Lee could replace the newly retired Rasheed Wallace as a reserve. In the long-term, he could, perhaps, take over for Kevin Garnett at the four-spot.

And Miller can play and guard multiple positions, and also stretch opposing defenses with his outside range.

If the Celtics can retain Allen and bring in other piece, they’ll contend in 2011. And they’ll have Pierce to thank for it.

– O.Sandor.

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