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Celtics re-sign Eddie House

The Boston Celtics announced today that they have re-signed guard Eddie House. Per team policy, terms of the deals were not disclosed.

“I am excited to have Eddie back this year,” said Danny Ainge, the Celtics’ Executive Director of Basketball Operations/General Manager. “Everyone knows how big Eddie was for us in the Finals this year, and we think Eddie will continue to be a key contributor as we work to win Banner 18.”

House, a 6’1”, 175lb sharp-shooting guard, shot 39 percent from three-point range last season, including 41.2 percent during the NBA Finals, during which he scored nine points in the second half of the Celtics’ record-setting Game 4 comeback win in Los Angeles on June 12th. In his eighth year in the league, Eddie scored in double figures 23 times last season while averaging less than one turnover per game.

Celtics re-sign Tony Allen

The Boston Celtics announced today that they have re-signed guard Tony Allen. Per team policy, terms of the deal were not disclosed.

Allen, a 6’4”, 213lb guard, has spent his entire four year career with the Celtics after being drafted with the 25th overall pick in the 2004 NBA Draft. The former Oklahoma State Cowboy recorded career highs in minutes (1373), assists (114) and points (494) in 75 games last season as he worked to return from his January 2007 knee injury. Allen posted averages of 6.6 points and 2.2 rebounds in 18.3 minutes per game during the 2007-08 campaign. In his 11 starts last season Allen averaged 9.6 points, 2.9 rebounds, 2.0 assists and 1.45 steals in 29.2 minutes per game including a 16 point performance in a 110-91 victory over the Lakers in Los Angeles on December 31, 2007. The Celtics had a 9-2 record in games that Allen started last season. Allen has posted career averages of 7.3 points, 2.6 rebounds and 1.01 steals in 236 career games.

Celtics keeping Tony Allen and Eddie House

The Boston Globe (Marc Spears) reports: The Celtics agreed to terms with guards Eddie House and Tony Allen to return, general manager Danny Ainge announced today. Both will get two-year contracts (though House’s second year is a player option, according to an NBA source). House’s deal was made using a portion of the team’s $5.5 million mid-level exception. According to the source, House will make $2.7 million next season and $2.9 million the year after if he excercises his option.

InsideHoops.com reaction: Good move by the Celtics. Both players are worth signing. Still, the team does need to replace James Posey, who was like a combination of Robert Horry (clutch shots in the playoffs) and Bruce Bowen (good defense on key swingmen) when it mattered most.

Though, hats off to Paul Pierce for guarding Kobe in the Finals about as well as Posey did.

Darius Miles comeback attempt

SI (Ian Thompson) reports: Darius Miles is trying to become the first player to return from an injury that was deemed to be “career-ending” by the NBA. If he were to sign a new contract and play in 10 or more games this season, his $9 million salary would go back on Portland’s books — though his return would not affect the Trail Blazers as badly as has been advertised. Miles underwent microfracture surgery to repair his right knee in November 2006. He hasn’t played since, and he was released by the Blazers in April after the “career-ending” judgment was made by an independent medical examiner appointed by the NBA and the players’ union. In recent weeks, Miles has had workouts — ranging from two hours to less than 30 minutes — with the Nets, Celtics, Suns and Mavericks, all of whom controlled the terms while asking Miles to compete against other players.

Hornets to get James Posey

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.

Gerald Green must learn fundamentals

The Dallas Morning News (Eddie Sefko) reports: Fundamentals were never ingrained in Gerald Green because he could always get by on his outrageous physical talent. Carlisle said Green jumps higher than any player he’s ever seen and that he’s also a good outside shooter. But Green has never learned to translate his physical gifts into great defense or ball-handling ability. “I just didn’t take advantage of my opportunities,” Green said. “I blame myself, nobody else. … I’m a new guy and ready to get after it.” Green averaged better than 10 points with Boston in his second NBA season, which is partly why he was included in the trade that brought Kevin Garnett (and a championship) to Boston. A struggling Green was traded to Houston, which cut him after one game.

2008-09 Salary Cap set to $58.680 million

The National Basketball Association today announced that the Salary Cap for the 2008-09 season will be $58.680 million. The new Cap goes into effect immediately as the league’s “moratorium period” has ended and teams can begin signing free agents and making trades.

The tax level for the 2008-09 season has been set at $71.150 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $71.150 million.

The mid-level exception is $5.585 million for the 2008-09 season and the minimum team salary, which is set at 75% of the Salary Cap, is $44.010 million.

For the 2007-08 season, the Salary Cap was set at $55.630 million, the tax level was $67.865 million and the mid-level exception was $5.356 million.

Kendrick Perkins and Bill Walker have surgery

The Boston Celtics announced today that center Kendrick Perkins and second round draft pick Bill Walker both had successful surgical procedures today at New England Baptist Hospital. Perkins underwent arthroscopic left shoulder surgery while Walker underwent arthroscopic right knee surgery. Both surgeries were preformed by Team Physician Dr. Brian McKeon and was assisted by Dr. Alan Curtis and Dr. John Richmond. No timetable has been set for their return.

Gerald Green to Mavs

The Fort Worth Star-Telegram (Jeff Caplan) reports: Gerald Green, a former high school prodigy out of Gulf Shores Academy in Houston, has agreed to a one-year contract with the Dallas Mavericks, Green’s agent Colin Bryant said. A first round pick of the Boston Celtics in 2005, the slender, 6-foot-8 Green was part of the trade that sent Kevin Garnett from Minnesota to Boston. The Timberwolves traded Green to Houston last season. He played in one game for his hometown team before being released. Bryant was on his way to Dallas on Wednesday morning to work out the specifics of the deal.

Reminder: Celtics got Rondo from Suns for cash

The Boston Herald (John Tomase) reports: The Phoenix Suns dealt away the draft rights to Rajon Rondo two years ago, and here’s what they have to show for it: cash. That’s it. Hopefully it was a lot of money, because Rondo may just go down as the steal of the 2006 draft. It’s amazing to think that the 22-year-old starting point guard for the world champion Celtics [team stats] could have been had for so little. On draft day 2006, the C’s sent Cleveland’s 2007 first-round pick, which they acquired for Jiri Welsch, to Phoenix for the rights to Rondo, the 21st overall pick out of Kentucky. A year later, the Suns then shipped that pick (No. 24, Rudy Fernandez) and James Jones to the Trail Blazers for cash considerations.