Jun 28, 2013, 2:13 AM EST
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.
Jan 25, 2015, 1:01 AM EST
Can we just get through the rest of this season without any more major NBA injuries, please?
Jan 24, 2015, 11:00 PM EST
Brad Stevens reportedly likes Prince, so a buyout may not be in the cards.
Derek Fisher didn’t realize motivating his players would be such a big part of being an NBA head coach
Jan 24, 2015, 9:30 PM EST
Fisher played 18 years, and claims that his motivation always came from within.
After being fined for obscene gesture, Dwyane Wade asks NBA to improve on ways it protects players from fans
Jan 24, 2015, 8:00 PM EST
Wade was fined for flipping off some fans who he believed crossed the line.
Jan 24, 2015, 6:30 PM EST
“He had his chance to reach out,” Waiters said.
Jan 24, 2015, 5:00 PM EST
Howard left the game after just eight minutes and did not return.
Jan 24, 2015, 3:17 PM EST
Aldridge has a tear in his left thumb, and was originally set to be sidelined 6-8 weeks.
Jan 24, 2015, 2:00 PM EST
Drama in Dallas?
Jan 24, 2015, 12:30 PM EST
The inside access here makes this a must-watch.
Jan 24, 2015, 11:00 AM EST
Before recent trades, players believed the team would go no further than the second round of the playoffs.
Jan 24, 2015, 9:30 AM EST
Green was completely amazed, just like the rest of us.
Jan 24, 2015, 8:00 AM EST
That is as good a step-back jumper as you will see.
Jan 24, 2015, 2:00 AM EST
There are $25 million Kobe will be back next season.
Jan 24, 2015, 1:45 AM EST
Somebody is making their All-Star case.
Jan 24, 2015, 12:16 AM EST
Lakers star could also above and beyond and chase Michael Jordan’s comeback
Mark Cuban says fan voting system for All-Stars is ‘broken,’ small number of total votes shows ‘nobody cares’
Jan 23, 2015, 11:30 PM EST
Cuban want to eliminate fans voting for the All-Star starters.
Jan 23, 2015, 10:15 PM EST
It’s a good thing, because he received fewer votes than Marcin Gortat.
Jan 23, 2015, 9:15 PM EST
Maybe, but the field is simply too crowded in the West for Ellis to have a reasonable shot.
Jan 23, 2015, 8:15 PM EST
I’m no expert in copyright law, but this strikes me as the kind of lawsuit that gets settled out of court.
Jan 23, 2015, 7:15 PM EST
So he plans to play for the Knicks until 2050?
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- Sixers’ leading scorer Tony Wroten suffers partially torn ACL, likely done for season 12