Published July 2, 2010

Team captain Paul Pierce has re-signed with the Celtics, the Herald reports:

Paul Pierce in June (AP)

The numbers were not available, but Pierce will in the 2010-11 season make significantly less that the $21,513,521 he was scheduled to receive. That will aid the Celtics’ position versus the luxury tax.

You would think he’s getting a raw deal, making less than $21.5 million per year, but Pierce says the move is better for the team and his own future.

On Wednesday, coach Doc Rivers revealed via text message that he’s staying on: “I want another crack at it with this group.”

Update: It’s a four-year, $61 million deal that will net Pierce an average of $15.25 per season, if divided evenly.

Update: A source tells The Boston Globe that the ink is not dry.