The New Orleans Hornets officially signed forward James Posey to a five year, $25 million contract on Wednesday, the Associated Press is reporting.

"I look for them to do big things this upcoming season, after the great things they did last season," Posey said. "I want to contribute as best I can."

"You can see, it's just sitting right there with the young core they have. Chris Paul is a great leader, and with David West, Peja [Stojakovic], and Tyson Chandler, they have a group that competes every single day. I hope I'm the missing piece that furthers them on this journey."

Via ESPN

New Orleans Hornets, Boston Celtics

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