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"Peat did not earn a green room invitation, but he has a good deal of interest in the 20s," wrote Jeremy Woo, ESPN Draft Analyst.
"Concerns around his shooting mechanics have been a primary issue since the combine and are the main factor that has hurt his standing.
Boston, with a strong player development track record, might be able to get the most out of him."
Woo also noted that the Celtics had been looking for frontcourt additions after missing out on separate trade opportunities during the offseason.
"The Celtics were in pursuit of Giannis Antetokounmpo but came in second," wrote Jeremy Woo, ESPN Draft Analyst.
"Other teams have speculated that Jaylen Brown could still be on the move, now that Boston has clearly signaled his availability."
The 6-foot-7, 245-pound forward brings a decorated winning background to Phoenix, having won four state championships at Gilbert Perry High School and four junior-level gold medals with USA Basketball.
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Peat will now join a Suns frontcourt whose exact composition depends on the restricted free agency of center Mark Williams.