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.
Aug 23, 2014, 1:14 PM EDT
The waiting is over.
Aug 23, 2014, 12:30 PM EDT
Anthony Davis, Stephen Curry, Klay Thompson prominently featured.
Aug 23, 2014, 10:59 AM EDT
Minnesota may have technically jumped the gun.
Aug 23, 2014, 9:30 AM EDT
It’s an accurate description.
Aug 23, 2014, 8:00 AM EDT
It was a good night to be Stephen Curry.
Aug 23, 2014, 1:20 AM EDT
Team USA kept four centers on the roster. That’s a bit of a surprise.
Aug 23, 2014, 12:05 AM EDT
The players who got DNP-CDs in this one may be the ones who stay home.
Aug 22, 2014, 9:50 PM EDT
Playing time decisions will be interesting with four legitimate options competing for minutes.
Aug 22, 2014, 8:20 PM EDT
Timberwolves will stick with Andrew Wiggins
Aug 22, 2014, 7:50 PM EDT
Monty Williams gives Drummond some excellent instruction.
Aug 22, 2014, 6:21 PM EDT
DeMar DeRozan, Andre Drummond, Gordon Hayward, Chandler Parsons, Kyle Korver all possibilities for chopping block
Aug 22, 2014, 5:01 PM EDT
A fine choice, even if he isn’t the best current NBA player from Spain.
Aug 22, 2014, 4:02 PM EDT
Hairston’s guarantee will total $2 million over two seasons.
Aug 22, 2014, 3:01 PM EDT
Curry, seen on video discussing it, still seems upset by the situation.
Aug 22, 2014, 1:59 PM EDT
If true, Thompson needs a much thicker skin.
Aug 22, 2014, 1:05 PM EDT
Watching Smith and his gunner, ball-stopping tendencies try to fit in the move-the-ball, read and react triangle offense is going to be interesting. To put it kindly.
Aug 22, 2014, 12:20 PM EDT
His critics don’t get it, but Jeremy Lin is a solid NBA guard now.
Aug 22, 2014, 11:44 AM EDT
Krzyzewski – surprise, surprise – also reportedly likes Mason Plumlee, who played at Duke
Bulls’ Doug McDermott’s can’t sing, tries to lead Cubs’ fans in “Take Me Out To The Ballgame” anyway
Aug 22, 2014, 11:08 AM EDT
Doug McDermott can’t sing. We know that now.
Aug 22, 2014, 10:35 AM EDT
The Greek freak is going to be so much fun to watch at the world Cup.
- It’s done: Kevin Love traded to Cavaliers, Andrew Wiggins headed to Minnesota in three-team deal 2
- Steve Nash called Kobe Bryant a “mother f****** a******” but in a good way 5
- USA Basketball announces 12 man roster for World Cup; Parsons, Hayward, Lillard, Korver cut 28
- USA Basketball cruises to exhibition win over Puerto Rico with final roster cuts looming 1
- Report: Timberwolves to end up with Thad Young, Anthony Bennett as part of Kevin Love trade 80
- Adam Silver: NBA stars playing in international competition face ‘a big risk’ 13
- Derrick Rose says he’ll play Friday vs. Puerto Rico 16
- Report: Don’t be so sure on Anthony Bennett to Philadelphia rumors 54