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Source: Rondo deal worth at least $55M

Updated: November 3, 2009, 11:59 AM ET
ESPN.com news services

Up against a Monday night deadline, the Boston Celtics and point guard Rajon Rondo agreed to a contract extension.

The Celtics confirmed the signing Monday night. The deal is for five years and will be worth at least $55 million, a source confirmed to ESPN's Ric Bucher.

"We are extremely pleased to be able to extend Rajon's contract," said Celtics president of basketball operations Danny Ainge. "We believe that he is one of the elite point guards in the NBA and has a tremendous ...

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