WEDNESDAY, 7:45am: The Chinese team expected to sign Greene is the Dongguan Leopards, according to HoopsHype (Twitter link).
TUESDAY, 3:06pm: The Celtics have officially waived Greene, the team announced today in a press release.
10:58am: A little over a month after they acquired him, the Celtics will waive Donte Greene, agent Chris Grier Luchey tells Jorge Sierra of HoopsHype (Twitter link). According to Luchey, Greene has a deal lined up with a club in China, which can be finalized once his release from the C's is official.
The swap that sent Greene to Boston and Fab Melo to Memphis was one of the more unusual trades of the summer, since Melo was also released by the Grizzlies following the deal. The Celtics included more than enough cash to cover Melo's $1.31MM salary in the trade, but the money they sent to the Grizz doesn't count for cap or tax purposes. Greene's salary, meanwhile, is non-guaranteed, so Boston won't be on the hook for any of it once the move is official, and should slip below the tax line in the process.
By waiving Greene, the C's will reduce their roster count to 18 players, including 14 on guaranteed contracts. For Greene, it won't be the first time he signs to play international ball. Before he reached an agreement with the Grizzlies last season, the 25-year-old forward briefly spent time with Atleticos de San German in Puerto Rico.