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This is a great deal for both the Celtics and Rondo, who now can both have a sigh of relief. This is a big-time contract for the 23-year-old guard, but Rondo is a big-time player. He is worth this money for the Celtics, and there is no other franchise better than the Celtics that can harbor such a talented player.

“Up against a Monday deadline, the Boston Celtics and point guard Rajon Rondo reached an agreement in principle on a contract extension, his agent confirmed to ESPN The Magazine’s Ric Bucher.

The deal is for five years and will be worth at least $55 million, a source confirmed to Bucher.

“It’s not over yet, I haven’t signed the papers yet,” a smiling Rondo said Monday at the Celtics’ practice facility. Asked if the sides were close, Rondo noted, “Very close.”

“I’m excited, thankful, humbled,” Rondo said. “Nothing changes, though. There’s still one goal in mind. It’s a great opportunity, but I’m focused on winning a championship.”

Rondo and the team agreed to the deal late Sunday night, thanks in large part to what the 23-year-old guard has demonstrated since training camp began.”

Read the rest of the article, “Source: Rondo deal worth at least $55M” at ESPN.go.com