8:55pm: Chris Forsberg tweets that the Celtics may still be responsible for Dooling's $854K cap hit this year, crediting CBA guru Larry Coon with the assist.
4:21pm: The Celtics have officially waived Keyon Dooling, according to a press release from the team. Within the release, Dooling's representative, Kenge Stevenson, indicates that the veteran guard has decided to end his NBA playing career.
"Keyon has decided that he has given the NBA twelve good years and that it’s time to pursue other interests and spend more time with his family," said Stevenson. "He will never forget his time in Boston with the Celtics."
Dooling had just re-signed with the Celtics earlier this summer, so the decision comes as something of a surprise. Over the course of his NBA career, the 12-year veteran appeared in 721 games with the Clippers, Heat, Magic, Nets, Bucks, and Celtics, averaging 7.0 PPG and 2.2 APG in 19.5 MPG. According to Basketball-Reference, Dooling earned over $29MM in his playing career — it's not known whether he'll receive his entire 2012/13 salary, or if he and the Celtics agreed to a buyout.
For the Celtics, the move frees up an additional roster spot and could mean the team will decide to add another backcourt player. With Dooling out of the picture and Avery Bradley not expected to be healthy to start the season, Boston could at least extend another camp-invite or two for depth purposes.