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Celtics sign Rasheed Wallace

On Wednesday the Celtics [1] announced the signing of free agent Rasheed Wallace [2]. Terms of the deal were not disclosed per team policy. However the contract is reported [3] 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.  ‘€œIt is not every day that you can add a four-time All-Star and a player with championship experience.’€

Update: The Boston Globe [4] has reported Wallace signed a three-year contract with a third-year player option.