BOSTON (CBS) –  The first domino of the Celtics offseason has fallen: Kevin Garnett is returning.

Garnett mulled retirement after the Celtics fell to the Miami Heat in the Eastern Conference Finals this postseason, but reportedly will sign a 3-year, $34-million extension with Boston, according to Marc Spears of Yahoo! Sports.

Garnett, the defensive backbone for the Celtics since his arrival in the summer of 2007, will be back for an 18th NBA season — meaning the Celtics will not have to explore starting a complete rebuilding process.

Garnett averaged 15.8 points and 8.2 rebounds per game during the regular season for Boston, making the move to center mid-season. The switch seemed to rejuvenate the 36-year-old, who went on to average 19.2 points and 10.3 rebounds in the playoffs.

With KG back in the fold, the Celtics can now focus on adding additional free agent veterans to bulk up the squad in hopes of making another title run next year.

NBA Free Agency begins July 1.

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