MONDAY, 4:17pm: The Celtics have officially signed Pressey, according to a press release.
THURSDAY, 12:05am: The contract includes some guaranteed money, Washburn writes.
WEDNESDAY, 9:42pm: The Celtics and Phil Pressey have agreed to a multiyear deal, tweets Gary Washburn of the Boston Globe. The team and the undrafted point guard from Missouri were reportedly working toward a contract this weekend, after the two sides put together an arrangement for summer league.
Washburn reported shortly after the draft that he expected the team to "immediately go after" Pressey, and the Celtics had him in the fold for summer league by the next morning. A more formal contract took a little longer, but Pressey has at least earned a chance to showcase his skills in Celtics training camp. Jeff Goodman of ESPN.com reported this weekend that the two sides were talking about a one-year deal, and though it now appears his contract will cover at least two seasons, it's not clear how much of a guarantee is involved.
The 5'11" Pressey averaged 9.4 points, 6.6 assists and 4.0 turnovers per game in five summer league contests in Orlando last week, but he was more impressive in college, where SEC coaches voted him first-team all-conference this past season. Both Chad Ford of ESPN.com and Jonathan Givony had him within the top 60 in their final rankings before the draft, so it was somewhat surprising that a team didn't use a second-round pick on him.