ORLANDO -- The Celtics fell to 1-3 in the 2010 NBA Summer League on Thursday, coming up on the short end of an 86-85 final to the Pacers.

 

The Celtics lost despite having a 58-31 lead at halftime. They managed just 27 second-half points, however, and allowed 36 points in the final quarter. 

 

Jaycee Carroll led the Celtics with 19 points, and Luke Harangody added 16 points.

 

The Celtics play their final game of the summer league on Friday against the Nets.

ORLANDO -- Celtics president of basketball operations Danny Ainge spoke to the media on Thursday at the 2010 NBA Summer League and addressed reports that the club had signed free agent Jermaine O'Neal to a two-year contract.

 

"We intend to sign him," Ainge said. "And I'll talk about it when we do."

 

ORLANDO -- Pacers president of basketball operations Larry Bird told WEEI.com that forward/center Jermaine O'Neal, who has agreed to sign a two-year deal with the Celtics, can be a valuable contributor in Boston. Bird was the head of Pacers basketball operations for five of the eight seasons when O'Neal was in Indiana.


"He's younger than you think," said Bird. "He can rebound, block shots and get down the floor. He can help a team win."

 

WEEI.com's Paul Flannery confirmed a report that Jermaine O'Neal has agreed to sign with the Celtics. The deal is for two years at the mid-level exception (approximately $5.8 million per year).

 

The 6-foot-11 O'Neal is a 13-year veteran who played the last two years in Miami. He averaged 13.6 points and 6.9 rebounds in 70 games last season after three injury-plagued seasons prior. The 31-year-old also reportedly had been considering offers from the Nuggets and Mavericks.

 

Sports Illustrated NBA writer Chris Mannix joined the Dennis & Callahan show Thursday morning and expressed caution about reports of LeBron James deciding to sign with the Heat.

 

"I can't define somebody as being in the driver's seat because it's just too close," Mannix said, noting that there has been a "campaign of misinformation" coming out of the LeBron camp in an effort to build up the hype leading to Thursday night's ESPN special, something Mannix termed a "self-indulgent, ridiculous announcement."

 

According to Yahoo! Sports, center Jermaine O'Neal is poised to accept a two-year offer to join the Celtics. The 6-foot-11 O'Neal is believed to have been offered the $5.8 million mid-level exception.

 

A 13-year veteran, the 31-year-old O'Neal played the last two years in Miami. He averaged 13.6 points and 6.9 rebounds in 70 games last season after three injury-plagued seasons prior. He also reportedly has been considering offers from the Nuggets and Mavericks.

 

For more, visit the Green Street blog.

According to reports from Newsday and ESPN, LeBron James has decided to sign with the Miami Heat, joining Dwyane Wade and Chris Bosh to form a new powerhouse there. James will announce his decision Thursday night at 9 p.m. in an ESPN special.

 

Yahoo! Sports is reporting that James' representatives have called other free agents to gauge their interest in joining the new "Big Three" in Miami.

 

Ray Allen reached a two-year agreement with the Celtics on Wednesday, and said he is looking forward to continuing his career in Boston. "I'm happy to be returning as a Celtic," he told WEEI.com via text message. "There's no other place I wanted to be." According to a source familiar with the negotiations, WEEI.com confirmed the deal worth $10 million annually. The second year is a player option. For more on this story, check out Green Street.

According to a source familiar with the negotiations, Ray Allen and the Celtics have agreed to a two-year deal worth $10 million annually, with the second year being a player option. The 34-year-old Allen just wrapped up his third year with the Celtics, averaging 16.3 points per game for Boston. For more see the Celtics team page at weei.com/celtics. ESPN's Marc Stein was the first to report the agreement.

Add Jermaine O'Neal to the list of available big men who may be looking to join the Celtics in free agency. O'Neal told ESPN's Marc Stein that he's considering the Celtics, along with the Mavericks and Nuggets. Read more on Green Street.