The Boston Herald reports: According to an NBA source, free agent forward James Posey has agreed to a four-year contract with the New Orleans Hornets. The Celtics had been offering three years at the full mid-level exception.

InsideHoops.com says: This hurts Boston. Posey was their best role player, by far. He exceeded all expectations, especially when it counted most. The Hornets still need more pieces to push them to the top but Posey is a very good addition. Hopefully he stays hungry despite getting his contract.