6:02pm: The Celtics have officially announced the signing on their website, finalizing the deal more than six weeks after an agreement was reached.
“We are thrilled to be able to have Jeff back with the Celtics,” Danny Ainge, the team's president of basketball operations, said in the press release. “Jeff’s versatility on offense and ability to guard players out on the perimeter is something that we are looking forward to having on the court this season.”
AUGUST 22ND, 12:34pm: Green's day should finally be made official in the next day or two, Falk tells Sam Amick of SI.com (Sulia link). The agent said that the cap issues holding up the deal were "nothing serious" and that the agreement is still expected to be for four years and about $36MM.
AUGUST 17TH, 8:45pm: Nearly a month after his last update on Green's contract status, Falk told the Boston Globe on Friday that his client's deal should become official next week, reports Washburn (via Twitter).
JULY 25TH, 5:45pm: News of the deal becoming official is "imminent," Green's agent David Falk tells Gary Washburn of the Boston Globe (Sulia link). Green's signing has been held up while the Celtics have pursued other free agents, but now only "minor contract issues" related to the new CBA remain before the deal is finalized, Falk says.
JULY 8TH, 8:11pm: The agreement in principle is for $36MM over four years, a source tells Mark Murphy of the Boston Herald. That would give Green the same $9MM salary he was to earn in his previous contract, which was voided in December.
JULY 7TH, 2:22pm: The Celtics and Jeff Green have agreed to terms on a deal, Green's agent David Falk told Ken Berger of CBSSports.com (Twitter link). Falk says it's a multiyear contract, according to Sam Amick of SI.com (Sulia link). Though terms have not been disclosed, Amick reported earlier that the deal could be "in the neighborhood" of four years and $40MM.
Celtics president of basketball operations Danny Ainge may have let news of the agreement slip earlier when he referred to Green as an addition to the team in comments to Gary Washburn of the Boston Globe. Green and the Celtics agreed to a one-year, $9MM deal in December, but that contract was voided when Green was found to have a heart ailment that rendered him unable to play last season. The Celtics also withdrew their qualifying offer to Green when his aortic aneurysm was discovered, making him an unrestricted free agent. According to Amick, the team is now confident that Green is fully healthy.
The agreement comes as no surprise, as it never appeared Green was seriously considering any other team. When Luke Adams of Hoops Rumors profiled Green in our Free Agent Stock Watch series, he noted that the 6'9" forward still has a home in the Boston area and sat on the Celtics' bench during games this season. Green put up 13.3 points and 4.8 rebounds per game with a 12.9 with the Thunder and Celtics in 2010/11. Green came to Boston in a midseason trade, and the Celtics were recently awarded a 2013 second-round pick as compensation from the league after Boston complained the Thunder had knowledge of Green's condition prior to the trade.