Marc Stein is reporting that Michael Finley will re-sign with San Antonio, despite efforts from the Celtics to sign him:

After drawing interest from a few top contenders, including the NBA's new champions in Boston, Michael Finley has elected to re-sign with the San Antonio Spurs.

NBA front-office sources told ESPN.com on Friday that Finley and the Spurs have reached terms on a new deal that has been submitted for league approval.

Contract specifics were not immediately available, but sources say Finley's decision came down to a choice between staying with the Spurs or joining the Boston Celtics as the reigning champs' replacement for James Posey, who signed with the New Orleans Hornets earlier this summer.