Gary Washburn of the Boston Globe reports:

Paul Pierce will re-sign with Celtics

Celtics fans no longer have to be concerned about or debate the future of Paul Pierce. He will remain in Boston for at least four more years after his agent, Jeff Schwartz, and team president Danny Ainge agreed on a deal late last night.

Pierce, 32, will earn more than the expected $61 million over the life of the contract. The eight-time All-Star and 2008 NBA Finals MVP will likely retire as a Celtic, which is something he said was a goal.

Pierce wasn’t a free agent for long after opting out of the last year of his previous contract…

Pierce earned $19.7 million last season and was eligible for a maximum contract, beginning at $20.78 million, but he accepted $5 million less to stay home and retire a Celtic.