The Boston Celtics started the rebuilding process in earnest Thursday night, trading Kevin Garnett, Paul Pierce, and Jason Terry to the Brooklyn Nets in exchange for Gerald Wallace, Reggie Evans, Kris Humphries, Kris Joseph, Keith Bogans, Tornike Shengalia, and–perhaps most importantly–three future first-round draft picks, according to Adrian Wojnarowski of Yahoo! Sports.
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 deal cannot be officially completed until July 10 because part of it is a sign-and-trade involving Keith Bogans. The future draft picks are in 2014, 2016, and 2018.
Kris Humphries has one year left at $12 million, an expiring contract that Danny Ainge can use as a trade chip. The biggest problem with the trade from the Celtics end is Gerald Wallace who has 3 years, $30 million left on his deal.
Wallace was arguably the least efficient and effective guard who played more than 30 minutes per game. He can be waived, however, under the stretch provision, which allows the Celtics to pay Wallace’s contract over a seven-year period.
Judgment must be withheld regarding whether or not it is a favorable trade for the Celtics because all Ainge has done is stockpile assets. What Ainge does those with the expiring contract, draft picks, and future cap space will ultimately decide how this trade is remembered.
Ainge has 9 first-round draft picks over the next 5 years and a lot of young assets in Rajon Rondo, Jared Sullinger, Avery Bradley, Courtney Lee, Brandon Bass, and Jeff Green, and Kris Humphries’ expiring contract. The old gambler has chips to play with and now he can play aggressively.
Story by Tommy King (@TP_King)