The Globe is reporting what we all know… that James Posey is opting out today. He is likely looking for a 3 or 4 year deal at the full mid-level exception. The Celtics will beg him to take a little less so they have enough left over to sign potential free agents.
There are salary cap tricks that could allow Posey to be signed to a longer deal and maybe let him draw a salary after he retires… thus increasing the overall value of the contract. I just started to try to figure them out… but then my eyes started to bleed.
By the way… today's the day to make a qualifying offer to Tony Allen. If not, he's a free agent. So far… I haven't heard anything about the C's making him an offer.
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