Terrence Wiliams‘ 10-day contract was due to expire tomorrow, so it became decision time for the Celtics’ front office today on the small forward. Doc Rivers indicated yesterday at practice that it was likely Williams would be re-signed by the team but according to Adrian Wojnarowski of Yahoo! Sports, the Celtics have done better than that.

Celtics will sign Terrence Williams for rest of season and conditionally for 2013-’14, league source tells Y! Sports. — Adrian Wojnarowski (@WojYahooNBA) March 1, 2013

CelticsHub’s Take: Making the reasonable assumption that Williams will be signed for the league minimum for next season, (likely with some guaranteed money and an optional opt out clause for Boston) I’m a tremendous fan of this move. In fact, I’m just going to post a gchat conversation with fellow CelticsHub contributor Michael Pina last week when we discussed Williams’ future with Boston.

For the record, this conversation took place on Sunday February 24th, after another positive outing by Williams against the Suns.

Pina: gotta stick up for my man Terrence Williams

Robb: Haha dude, he’s awesome.

Pina: there’s no question he can play (maybe even thrive?) at the NBA level. He has the physical ability, but his head is just…so out there…Rick Adelman couldn’t stand him in Houston

Robb: ya i talked to the Cowbell Kingdom guys, they loved him, but ya he was a knucklehead. We’ll see if china changed that. If I’m Danny I offer him a deal with a team option attached for next year.

Pina: I agree

Robb: Get him cheap, under your control. Because he could blow up and he will have a market.

Pina: I wonder if his agent is thinking it’s worth the risk not to do that though

Robb: If he has a smart agent he won’t take it

Pina: I know Chandler Parsons’ agent hates himself

Robb: But If Ainge offers him guaranteed money maybe he will, that’s the 10-day contract danger here. Williams has built up so much more value now

Pina: yea. being a former lottery pick will always linger as a positive

Thankfully for the C’s, Williams had a dud performance this week, and fell out of the rotation against the Jazz. That minor downturn may have been enough to make Williams’ and his agent nervous, allowing Ainge to offer a deal with the conditional option attached, as Michael and I speculated about, to give the C’s a high-upside low cost option for next season.

Williams’ agent took the bait, which probably isn’t a bad move for him either since there’s likely some guaranteed money for a guy who was out of the league for most of the season.

All things considered, everyone wins. Well done by Danny.