This has certainly escalated quite quickly
The Brooklyn Nets are in advanced talks with the Boston Celtics to acquire future Hall of Famers Kevin Garnett and Paul Pierce, league sources told Yahoo! Sports.
The Nets have discussed a possible deal to land Paul Pierce and Kevin Garnett. (USA Today Sports)
The talks have reached the ownership level of both teams, a league source told Y! Sports.
The talks are centering around a package that would include Gerald Wallace, Tornike Shengelia, the expiring deal of Kris Humphries and three future first-round picks (2014, ’16 and ’18), sources told Y! Sports.
Jason Terry also will be in the package going to the Nets, sources said. The Nets would send back Reggie Evans and do a sign-and-trade involving Keith Bogans and one more minimum-level player as part of package, a source said.
Let’s work on some quick math:
Pierce, KG, and Terry would be the outgoing players at a combined $33 million dollars.
Humphries, Wallace, Shengelia, and Evans would return $24.6 million.
The Nets, as a taxpaying team, would be able to take back 125% of the outgoing salary, plus $100,000.
So the Bogans sign-and-trade and minimum salary would have to equal about $2 million.
That means by making this deal, the Celtics would save about $6.4 million dollars in payroll (not factoring in the savings for being under the tax line). Depending on the length of the Bogans deal, the Celtics could see Humphries, Bogans, Shengalia, and whatever other minimum guy come off the books next season. Wallace’s deal runs through 2015/16. Evans’ runs through ’14/15.
In addition to that, the Celtics would then have two #1 picks in the next three NBA drafts (they get the Clippers’ #1 in ’15 thanks to the Doc deal), which is quite valuable, even if they’re in the mid-to-low first round area. Honestly, I don’t know what other team is going to give up 3 #1 picks for a guy who might retire after this year, Jason Terry, and maybe a couple years of Paul Pierce.
There is, of course, the little matter of the Kevin Garnett no-trade clause. But….
Proposed Nets-Celtics trade has been presented to Kevin Garnett to waive his no-trade clause, sources tell ESPN
— Marc Stein (@ESPNSteinLine) June 27, 2013
So… I guess we wait and see