C's-Nets trade won't be official 'til July 12

June, 30, 2013
6/30/13
2:00
PM ET
The trade sending Kevin Garnett, Paul Pierce and Jason Terry from the Boston Celtics to the Brooklyn Nets cannot be officially completed until July 12 -- two days after the league's annual July moratorium is lifted -- because of a salary-cap technicality, sources told ESPN.com's Marc Stein.

The Nets' inclusion of April signee Kris Joseph in the trade means that Brooklyn and Boston have to wait until July 12, as opposed to July 10, because Joseph can't be traded until after three months have elapsed from the day he signed with the Nets as a free agent.

Brooklyn agreed on Thursday to send three first-round picks (2014, '16 and '18) along with Joseph, Kris Humphries' expiring contract, Gerald Wallace, MarShon Brooks and a sign-and-traded Keith Bogans to the Celtics for Pierce, Garnett and Terry.

Because Pierce is making nearly $17 million this season, Brooklyn needs the deal to wait until after the start of free agency and the lifting of the moratorium on July 10, because the $15.3 million team option the Celtics had on their longtime captain is used in the trade.

ESPN.com senior writer Marc Stein and ESPN The Magazine's Chris Broussard contributed to this report.

SPONSORED HEADLINES

Comments

You must be signed in to post a comment

Already have an account?

PODCASTS

Tedy Bruschi, NFL

ESPN NFL analyst Tedy Bruschi weighs in on the responsibility Tom Brady shoulders for the Patriots, Rob Gronkowski's physicality and how New England will use Darrelle Revis.

Baseball Tonight

Buster Olney talks to Alex Speier, Karl Ravech and Justin Havens about whether the Red Sox will move Jon Lester before the trade deadline, pace of play and much more.

Greg Cosell, NFL

NFL Films' Greg Cosell covers the Cowboys' defense, Rob Gronkowski's impact, Darrelle Revis' performance last season, the Giants' talent level and the outlook for the Cardinals.

Baseball Tonight

Buster Olney and Keith Law talk about the Tigers' acquisition of Joakim Soria and whether it's wise to trade within the division. Plus, Matt Gelb on the Phillies' plans.

TEAM LEADERS

POINTS
Jeff Green
PTS AST STL MIN
16.9 1.7 0.7 34.2
OTHER LEADERS
ReboundsJ. Sullinger 8.1
AssistsR. Rondo 9.8
StealsR. Rondo 1.3
BlocksB. Bass 0.9