Remember that $10.3 million trade exception the Boston Celtics received in the Paul Pierce and Kevin Garnett to Brooklyn Nets deal? Well, it's been put to good use on Wednesday.
The Cleveland Cavaliers, who looked to relieve some cap space, the Brooklyn Nets, who are also looking to deal some heavy-money contracts, and the Celtics, a team looking for assets to create a deal for Kevin Love, all have agreed to a megadeal, as Marc Stein reports.
ESPN sources say Brooklyn Nets on verge of acquiring Jarrett Jack from Cleveland in three-team deal— Marc Stein (@ESPNSteinLine) July 9, 2014
Boston is third team in deal will acquire Tyler Zeller from Cleveland as well as future first-rounder and Marcus Thornton from Nets— Marc Stein (@ESPNSteinLine) July 9, 2014
Three-team trade will see Nets acquire Jarrett Jack and Sergey Karasev from Cleveland. Boston gets Thornton, Zeller and a first— Marc Stein (@ESPNSteinLine) July 9, 2014
As Stein adds, the Celtics get a young center in Zeller, a 2015 expiring contract in Thornton ($8.7 million) and a future first-round pick. Adrian Wojnarowski reports that the 2016 pick from Cleveland is protected, top 10 in '16, '17 or '18, but unprotected in '19.
Along with the trade exception, the Celtics will send a future second-round selection.
Boston gets: Marcus Thornton-Tyler Zeller, Cavs 2016 protected pick. Top 10 in '16, '17 or '18. Unprotected in '19.— Adrian Wojnarowski (@WojYahooNBA) July 9, 2014
With this deal going through, the Celtics, between Rajon Rondo, Brandon Bass, Joel Anthony and Thornton, will have $33 million coming off the books in the summer of 2015, as Gary Washburn of The Boston Globe reports.
With Rondo, Bass, Anthony and now Thornton's expiring contract, that's nearly $33 million coming off the books next summer #celtics— gary washburn (@GwashburnGlobe) July 9, 2014
Ainge did it again. The Celtics have had their eyes and focus on Kevin Love. But, if some teams miss out on the Carmelo Anthonys and LeBron James of the world, Love could be Plan B for those squads.
It's hard to say that Celtics have a better offer on the table than before the draft, but if they don't nab Love, they will have a ton of money to make a run at him and other prized free agents in 2015 offseason.