UPDATE Sept. 29 — Tim Frazier’s NBA dream moved one step forward today: The Boston Celtics announced that Frazier was officially signed to its training camp roster.

Frazier was signed to the Celtics’ preseason roster in August after averaging averaged 3.4 points and 2.0 assists per game with the Philadelphia 76ers in the NBA’s Las Vegas Summer League.

Another former Big Ten player, Indiana’s Christian Watford, was also officially signed, along with guard Rodney McGruder (Kansas State). Per team policy, contract terms won’t be released publicly. The Celtics preseason opens Oct. 6 in Boston against the 76ers.

Congrats, Tim!

(update by Jake Somerville)

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Tim Frazier is one step closer to the NBA.

The former Penn State point guard officially announced that he signed a preseason deal with the Boston Celtics on his Twitter account Thursday.

Officially signed a contract with the @celtics for preseason!!! Thanks to everyone who has helped me reach my dreams!!! #blessed #beantown

— Tim Frazier (@psufraz23) August 21, 2014

This, however, is no free ticket to a permanent roster spot — Frazier will have his work cut out for him upon arriving at Celtics camp. With all-star Rajon Rondo and first round draft pick Marcus Smart heading the depth chart at point guard, Frazier will compete for the third spot.

If Frazier does not impress the Celtics sufficiently to warrant a position on its active roster, he may be sent to the organization’s D-League affiliate, the Maine Red Claws.

Chris Babb, a former Penn State shooting guard before transferring to Iowa State, followed a similar pattern last year and was ultimately called up to the Celtics’ main roster by the end of the season.

Babb and Frazier played together at Penn State in 2009.

Frazier would be the first Penn State graduate on an NBA roster since Calvin Booth in 2009.

Frazier, the dynamic, lightning-quick point guard, is Penn State’s all-time assists leader, with 568 in his five-year career. His senior year ended abruptly due to a ruptured Achilles tendon. The Houston native was granted a medical redshirt and returned in 2013 for his second attempt at his senior campaign. Frazier averaged 14.9 points, 5.4 assists, 4.4 rebounds and 1.6 steals as a fifth-year senior, down from his breakout junior year during which he charted 18.8 points, 6.2 assists, 4.7 rebounds and 2.4 steals per game.