Tuesday , Jul , 01 , 2008 C.Y. Ellis

James Posey Opts for Free Agency

James Posey, after deciding not to exercise the option on the final year of his contract yesterday, is a free agent with what may be one of the largest markets of the summer.

The fact that there is a limited pool of teams with significant salary cap space (Philadelphia 76ers [team stats], Memphis Grizzlies) does not bode well for the biggest names (unrestricted free agent Gilbert Arenas, restricted free agents Luol Deng and Andre Iguodala) this summer, but Posey’s lower-level aims are likely to draw a bigger crowd.

The Celtics forward reportedly is looking for a midlevel deal that starts at approximately $5.8 million and carries over 4-5 years.