NEW YORK (CBSNewYork) — After losing in the first round of the NBA Playoffs this past season, general manager Billy King was determined to improve his club for the 2013-2014 campaign.
And with the Celtics in a transitional period, the Nets have taken advantage by acquiring some of Boston’s key pieces.
Brooklyn reportedly completed a mega-deal with the Celtics that would send both Kevin Garnett, Paul Pierce and Jason Terry to the Nets, league sources told Yahoo! Sports.
According to Yahoo!, the Nets agreed to take on Garnett’s $12 million salary for 2014-15. The trade will not become official until July 10.
According to the website, the Nets would send Gerald Wallace, Reggie Evans, Kris Humphries’ expiring contract and three future first-round picks to the Celtics. Brooklyn would also ship Keith Bogans and Kris Joseph to Boston.
The Celtics, who are way up there in age, are currently in a rebuilding phase after coach Doc Rivers bolted Beantown for the Los Angeles Clippers.
Future Hall of Famers Garnett and Pierce are 37 and 35, respectively. KG was an All-Star this past season, however, and Pierce was an All-Star in 2012.
Garnett signed a three-year contract extension last year and still has two years and $24.4 million remaining on his contract. According to ESPN, general manager Danny Ainge had until Sunday to decide whether to buy out Pierce’s contract for $5 million or pick up his $15.3 million option for the 2013-2014 season.
Garnett averaged 14.8 points, 7.8 rebounds and 0.9 blocks in 68 games for the Celtics last season. Pierce averaged 18.6 points, 4.8 assists and 6.3 boards in 77 games.
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