UPDATE: Marc Spears has the terms of Lee’s deal. That fourth year could be a pain, but still pretty reasonable.
Guard Courtney Lee lands a four-year, $21.5 million fully guaranteed deal from the Celtics in sign and trade deal, source tells Y! Sports.
— Marc J. Spears (@SpearsNBAYahoo) July 20, 2012
Steve Bulpett of The Boston Herald filled us in on some of the details of the Lee deal that almost fell apart.
It took awhile and a couple of false starts, but the Celtics got their man last night, acquiring Courtney Lee from Houston in a sign and trade for JaJuan Johnson, E’Twaun Moore, Sean Williams, Sasha Pavlovic and a second-round draft pick. The paperwork is expected to be finalized today.
The deal originally had Phoenix and New Orleans as facilitators, but that came apart late yesterday afternoon Pacific time. Late last night, Portland became the third team and Pavlovic was included. The amended details were still being learned as the Herald’s final print deadline passed, but the Celts will clearly be ecstatic to acquire the coveted 6-foot-5 Lee without disturbing their main rotation.
Now John Hollinger of ESPN.com is hearing more about what the C’s had to include to make the deal worth Portland’s while.
Hearing C Lee deal is more like 4.6M to start. Celtics paying Pavlovic’s salary for Blazers and threw Portland a 2nd.
— John Hollinger (@johnhollinger) July 20, 2012
What we know: If Lee’s starting salary begins at 4.6 million, it will have to go for a minimum of three years due to the sign-and-trade deal terms. Additionally the C’s can give annual raises of 7.5 percent per year to Lee, making it likely the full deal will be worth at least 3 years and 15-16 million dollars in total. In conclusion, this deal still looks just as good as it did yesterday.