James Posey signs with the Hornets

Former Celtics swingman James Posey signed with the Hornets this week. The deal is estimated to be worth 4 years, $25 million.

James Posey will be a proven winner coming off the bench for the Hornets. He brings veteran leadership and good 3 point shooting to a team that is on the uprise. He will make a good young team even better.

From ESPN:

“It was a really tough decision for him,” Bartelstein said. “Boston was an incredible experience for him every way you look at it. If he was going to leave Boston, he wanted to make sure it was for a team that would compete for championship immediately and the Hornets certainly are in that world.”

Because of future luxury-tax concerns, Boston was apparently reluctant to offer Posey, 31, more than a two- or three-year deal starting at the league’s midlevel exception (just under $5.6 million) in spite of Posey’s considerable contributions to the Celtics’ first championship since 1986.

Posey was a key part of the Celtics winning the championship and he has won 2 of the last 3 titles. He also won it in 2006 with the Heat.