Paul Pierce Staying with Boston Celtics, Agrees to Four-Year Deal

Bradley ChandlerCorrespondent IJuly 2, 2010

LOS ANGELES, CA - JUNE 17:  Paul Pierce #34 of the Boston Celtics moves the ball while taking on the Los Angeles Lakers in Game Seven of the 2010 NBA Finals at Staples Center on June 17, 2010 in Los Angeles, California.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Ronald Martinez/Getty Images)
Ronald Martinez/Getty Images

With uncertainty regarding the new NBA Collective Bargaining Agreement, Paul Pierce opted out of his guaranteed $21 million deal. The risk paid off today as the 32-year-old forward signed a four-year, $61 million deal with the Boston Celtics.

The deal has been confirmed by and but can not be signed until after July 8.

The contract all but guarantees Pierce will retire as a Celtic and perform a rarity by playing his entire career with one team.

One source close to the deal described it as a "business decision," the business of rewarding the face of a franchise for over 12 years.

The move seemed certain once seventh year head coach Doc Rivers decided to return to the team he took to the NBA Finals in 2008 and 2010, and a championship in 2008.

Pierce averaged 18.3 points, 4.4 rebounds, and 3.1 assists per game this past season.

The Celtics have seven more players available for free agency but most eyes in Beantown are focused on the activity of guard Ray Allen.

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