3:07pm: The protected second-round pick going to the Celtics is for the 2015 draft, the Wizards announced. It’ll be Washington’s own second-rounder, since that’s the only one the Wizards had.
SATURDAY, 12:42pm: The sign-and-trade trade has been officially executed, per a team release from the Celtics.
6:08pm: Michael passes along (via Twitter) that the year in which the Wizards will send that protected second-round pick to the Celtics is yet to be determined.
5:14pm: Boston is receiving a future protected second-round pick in the deal, Wojnarowski reports. It’s so heavily protected that the Wizards are unlikely to ever have to convey it to the Celtics, tweets Steve Bulpett of the Boston Herald.
4:25pm: The Celtics and Wizards have reached agreement on the sign-and-trade arrangement, Michael reports. It’s still unclear what Boston is receiving, however.
4:10pm: The first-year salary for Humphries will be $4.3MM, tweets J. Michael of CSNWashington.com, so assuming there are no other players involved, that’s the amount of the trade exception the Celtics will receive.
2:14pm: Boston has had only preliminary discussion with the Wizards about a sign-and-trade involving Humphries, but the Celtics nonetheless appear willing to take part, Wojnarowski reports (on Twitter).
TUESDAY, 1:30pm: Kris Humphries has agreed to join the Wizards on a three-year, $13MM deal, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). The Celtics and Wizards are working to make it a sign-and-trade that would allow the capped-out Wizards, who’ve already used their mid-level exception on Paul Pierce, to give Humphries a deal that large, according to Bleacher Report’s Jared Zwerling (Twitter links). Washington would use a trade exception from its deal to send Trevor Ariza to the Rockets to accommodate the trade for Humphries, as Zwerling explains. The final season of Humphries’ contract will be a team option, according to Wojnarowski, though it’s possible that it will simply be non-guaranteed.
Houston’s sign-and-trade for Ariza has yet to become finalized, but it’ll allow Washington to create a trade exception worth approximately $8.5MM, depending on the value of the salary in the first year of Ariza’s new deal. That’s more than enough room for Humphries, who’ll replace Trevor Booker after he agreed to join the Jazz earlier today.
It’s unclear what the Celtics would receive in the deal, though it appears they’ll net a trade exception of their own. Humphries recently reiterated his openness to a deal that would keep him in Boston, a stance he took for much of the second half of the season after rumors earlier in the year that he wanted out. The Celtics had interest, as did the Heat, Hornets, Clippers, Mavs and Timberwolves at various points this month, but ultimately Washington won out.
The Arn Tellem client averaged 8.4 points and 5.9 rebounds in 19.9 minutes per game for the Celtics this past season, but he’s only two seasons removed from back-to-back double-digit averages in scoring and rebounding for the Nets. Zach Links of Hoops Rumors pointed to Humphries’ track record in predicting that he would end up with a tidy payday, and while he won’t sock away $12MM as he did last season, he still remains well above the minimum salary.