Jun 28, 2013, 2:13 AM EDT
When the initial shock wore off after hearing the beginnings of a deal between the Celtics and Nets that would land both Kevin Garnett and Paul Pierce in Brooklyn, the one thing that could prevent it all from happening immediately came into focus.
Garnett is one of a very few players in the league with a no-trade clause in his contract, meaning that his approval would be required for the trade to be able to become fully agreed upon in principle.
Despite the way things quickly came together, Garnett informed the relevant parties that he would in fact sign off on the deal late Thursday, and it is essentially done.
Garnett waived his no-trade clause after the Nets agreed to fully guarantee the $12 million owed him for the 2014-15 season, the third year of his contract. Prior to the agreement, the Nets could have bought out Garnett for $6 million.
Garnett also was swayed by the chance to join his close friend, Pierce, in Brooklyn where they could play for longtime rival Jason Kidd.
The trade can’t be made official by the NBA until July 10.
The July 10 part is due to the fact that no free agent transactions can be completed until then under NBA rules, and Pierce’s salary of over $15 million for next season was only guaranteed for $5 million, so the Celtics will need to pick up the entire thing in order for the salaries on the trade to match.
The rest of the moving pieces look like this: Jason Terry will join Pierce and Garnett in Brooklyn, while Gerald Wallace, Kris Joseph, Kris Humphries and three future first-round picks (2014, ’16 and ’18) head to Boston. The Celtics will also receive Reggie Evans and Keith Bogans.
This is Boston officially blowing things up and beginning the rebuilding that was inevitable with its veteran core reaching the end of its competitive lifecycle. The only real negative in the deal for the Celtics is taking on the three years and over $30 million tied to Wallace, but no contract is immovable, and the team may be able to shed it at some point before it’s through.
As for Brooklyn, they have a billionaire owner who wants to win now, and wants to remain relevant by bringing big names and star power to his franchise, no matter how short-sided that vision may be.
This trade cripples Brooklyn financially for the foreseeable future, and the team will have a luxury tax bill approaching $80 million next season. If money is truly no object, then the franchise will be stuck in this mode of trading for or flat out purchasing star players once Pierce and Garnett retire, because by continually dealing draft picks and other assets away, there is no conventional rebuilding solution available once things begin to go south.
The Nets should have no trouble making the playoffs, but are they now better than Miami, Indiana, or even Chicago in the Eastern Conference? That remains to be seen, of course, and wins are never guaranteed, no matter the personnel.
The only thing certain is that the Nets will be a most interesting topic of conversation with Garnett and Pierce in the fold, and Brooklyn will be one of the more closely watched teams in the league as the season progresses.
Sep 18, 2014, 8:00 AM EDT
“Everybody who knows Danny knows that he’s a good person.” —Steve Kerr on Danny Ferry
Sep 18, 2014, 12:15 AM EDT
No Robert Horry, no Igor Kokoskov
Sep 17, 2014, 11:15 PM EDT
Milwaukee will likely waive former Temple center before season
Sep 17, 2014, 10:15 PM EDT
Clippers rushed to upgrade from Hollins as backup center, the role Hollins will likely hold in Sacramento
Sep 17, 2014, 9:25 PM EDT
Sanchez played for St. John’s, Dominican Republic national team
Sep 17, 2014, 8:30 PM EDT
Miami also hires Chris Quinn promotes David Fizdale
Sep 17, 2014, 7:35 PM EDT
Asik and Davis could be one of the NBA’s best defensive front lines.
Sep 17, 2014, 6:48 PM EDT
Brooklyn needs someone behind Brook Lopez and Mason Plumlee
Sep 17, 2014, 5:55 PM EDT
This is a killer addition.
Sep 17, 2014, 4:59 PM EDT
Sep 17, 2014, 4:12 PM EDT
Five games is the standard marijuana suspension, and you have to test positive three separate times to earn it.
Sep 17, 2014, 3:26 PM EDT
Jennings only shot 52 percent around the rim last year, maybe the muscle helps. Maybe.
Sep 17, 2014, 2:55 PM EDT
Chris Bosh is taller than Ellen DeGeneres, which leads to much humor. I guess.
Sep 17, 2014, 1:59 PM EDT
His veteran, playoff-tested presence will be big on this team.
Sep 17, 2014, 1:19 PM EDT
This is all we want to see out of the Timberwolves anyway.
Sep 17, 2014, 1:00 PM EDT
No. Just… no.
Sep 17, 2014, 12:25 PM EDT
Cousins has won over Team USA’s brain trust.
Sep 17, 2014, 11:44 AM EDT
There’s a lot of room for improvement, let’s just say.
Sep 17, 2014, 11:05 AM EDT
Kyrie is going to have to adjust to a different role on the Cavs, but if he does watch out.
Sep 17, 2014, 10:00 AM EDT
Rajon Rondo looms over everything – on and off the court
- LeBron James on Kyrie Irving: “I believe Kyrie can be the best point guard in the league.” 18
- ProBasketballTalk 2014-15 Preview: Boston Celtics 2
- Dwight Howard’s driver’s license in Florida suspended, he racked up 10 red light violations in Orlando 12
- Tim Duncan to appear in “The Punisher” comic book 6
- ProBasketballTalk 2014-15 Preview: New York Knicks 10
- Klay Thompson’s agent: Thompson better two-way shooting guard than Kobe Bryant 50
- Report: Greg Oden’s drinking an issue during season, alleged domestic assault 31
- Kevin Durant calls Allen Iverson “pound for pound” best ever 29