Hoopsworld is reporting that James Posey will make a decision on where to play next season within the next 24 hours and it is believed that he will remain with the C's. There is nothing in the report about the length of the contract or amount that will be paid, but I'd guess it's a multi-year deal for around $5 million per year. Maybe 3 years and $15 million will get it done?

If this report turns out to be true, this is great news for the Celtics. Without Po-Z coming off the bench as the 6th man, the Celts would likely have to overpay for a replacement (or hope that Leon Powe can somehow bump to small forward and begin draining clutch 3 pointers and playing shut-down defense). As he proved in the 2008 NBA Finals, there is no doubt that Posey is the quintessential 6th man. James shot 50% from 3-point land against the Lakers and 40% overall in the playoffs.

Equally important is the fact that Posey is one of the best character guys in the league. His teammates love him and he loves them; don't forget about all of the prolonged man hugs he'd be bringing back with him.