On Wednesday the Celtics announced the signing of free agent Rasheed Wallace. Terms of the deal were not disclosed per team policy. However the contract is reported to be two years worth the mid-level of approximately $5.7 or $5.8 million per season.

“We are ecstatic to be able to add a player the caliber of Rasheed Wallace to our team,” said Celtics President of Basketball Operations, Danny Ainge in a team statement.  “It is not every day that you can add a four-time All-Star and a player with championship experience.”

Update: The Boston Globe has reported Wallace signed a three-year contract with a third-year player option.

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