Kris Joseph

Celtics Waive Kris Joseph

One of the five players acquired by the Celtics in their trade with the Nets has already been released. The Celtics announced today in a press release that they've waived Kris Joseph.

For Joseph, it's the second time in the last year that he has been cut by the Celtics. The team drafted him in the second round of the 2012 draft, but elected to release him last season before his '12/13 contract became fully guaranteed. Boston is doing the same thing this year — Joseph's deal was set to start becoming guaranteed if he remained on the roster beyond August 1st.

Joseph, 24, had been a part of the Nets/Celtics blockbuster for salary-matching purposes. Assuming he isn't claimed on waivers, the former Syracuse forward figures to seek out a training camp invite with another NBA team for the fall. Failing that, he could return to the D-League, where he earned All-NBDL Second Team honors last season.

Celtics, Nets Officially Complete Trade

The Celtics and Nets have officially completed the trade that will send Kevin Garnett and Paul Pierce to Brooklyn, the teams announced today in a pair of press releases.

"Today, the basketball gods smiled on the Nets," said Nets owner Mikhail Prokhorov in Brooklyn's statement. "With the arrival of Kevin Garnett and Paul Pierce, we have achieved a great balance on our roster between veteran stars and young talents. This team will be dazzling to watch, and tough to compete against."

The Nets receive Garnett, Pierce, Jason Terry, and D.J. White in the deal, while the Celtics receive Kris Humphries, Gerald Wallace, MarShon Brooks, Kris Joseph, and Keith Bogans (signed-and-traded), along with 2014, 2016, and 2018 first-round picks. The '14 pick will be the Hawks' or Nets' selection, whichever is worse. The '16 and '18 picks are unprotected. The Celtics also have the ability to swap first-rounders with Brooklyn in 2017.

The deal couldn't be formally finalized until today because Joseph wasn't eligible to be traded within three months of signing with the Celtics on April 12th.

For more details on the swap, check out our initial post on the agreement.

Nets To Acquire Kevin Garnett, Paul Pierce

SUNDAY, 12:52pm: The trade can't be made official until July 12th because of a hang-up related to Kris Joseph, tweets Marc Stein of ESPN.com. Players typically can't be traded within three months of signing a free agent contract, and Joseph signed with the Nets on April 12th, so presumably that's the reasoning.

FRIDAY, 9:11am: Chris Broussard of ESPN.com has the full breakdown of the trade, via Twitter:

The Nets will receive Garnett, Pierce, and Terry. The Celtics will receive Humphries, Wallace, Brooks, Joseph, Bogans, and 2014, 2016, and 2018 first-round picks. The '14 pick will be the Hawks or Nets selection, whichever is worse. The '16 and '18 picks will be unprotected. The Celtics also have the ability to swap first-rounders with Brooklyn in 2017.

Based on these pieces, Bogans figures to get a 2013/14 salary of more than $2MM in the sign-and-trade part of the deal, by my math, which works out nicely for him.

7:41am: According to Josh Newman of SNYNets.com, Evans has been informed he won't be included in the deal, but MarShon Brooks will be sent to the Celtics instead. Because Brooks' salary is smaller than Evans, that would mean a larger starting salary for Bogans in the sign-and-trade portion of the deal, unless Shengelia is involved in the final agreement.

Meanwhile, Wojnarowski reports (via Twitter) that Nets GM Billy King, head coach Jason Kidd, and point guard Deron Williams all reached out during the draft to pitch him on the trade.

FRIDAY, 12:53am: Because Bogans needs to be signed-and-traded, no deal between Brooklyn and Boston can be made official until July 10th, but the agreement appears on track to be approved by all involved parties.

By my math, if Shengelia is not in the trade, Bogans will need to be signed to a starting salary of $1,731,294 in order for the Nets to send out as much outgoing money as the CBA requires for Garnett, Pierce, and Terry.

THURSDAY, 10:20pm: Kris Joseph will be included in the deal, heading to Boston, and the Celtics will also have the option to swap 2017 first-round picks with Brooklyn, tweets Wojnarowski. Joseph's contract is non-guaranteed, so the C's could waive him after acquiring him if they so choose.

10:10pm: Shengelia is not part of the latest version of this deal, according to Ken Berger of CBSSports.com (via Twitter). I'll have to double-check the math, but I believe the Nets would need to include at least one more player to make the salaries work if they're taking on Terry as well.

9:58pm: Kevin Garnett will agree to waive his no-trade clause to accommodate a deal that will send him and Paul Pierce to the Nets, reports Adrian Wojnarowski of Yahoo! Sports (via Twitter). As part of the agreement, Brooklyn will guarantee KG's full salary for 2014/15, according to Wojnarowski (via Twitter). Garnett's $12MM salary for that season had only be guaranteed for $6MM up until this point.

It's not entirely clear which players will be involved in the deal, but it looks like Jason Terry will be headed to the Nets along with Garnett and Pierce. Boston is expected to acquire Kris Humphries, Gerald Wallace, Keith Bogans (via sign-and-trade), Reggie Evans, and Tornike Shengelia. The Celtics will also receive 2014, 2016, and 2018 first-round picks, with no protection on the '16 or '18 selections, according to today's earlier reports.

Due to all the moving pieces involved, the two sides won't be able to formally complete the deal until July 10th, when the July moratorium lifts. When it becomes official, it will mark the next step in a full-scale rebuilding process for the Celtics, who also allowed Doc Rivers to join the Clippers in exchange for a 2015 first-round pick.

Stein’s Latest: Josh Smith, Boylan, Collins, Holiday

Marc Stein's final ESPN.com Weekend Dime of the season doubles as his awards ballot, and he has LeBron James winning MVP, of course. More intriguing are his selections in some of the tighter races: George Karl for Coach of the Year, Kevin Martin for Sixth Man of the Year, Tim Duncan for Defensive Player of the Year and Jrue Holiday for Most Improved Player. Stein also has plenty of news from around the league, as we round up: 

  • Before the season, the Hawks offered Josh Smith a three-year extension for the maximum amount, which would have been about $45MM, but Smith made it clear he wanted to hit free agency. That's no surprise, since an extension would have meant a smaller annual salary than he can sign for as a free agent, per collective bargaining agreement rules. The Hawks, wary of letting Smith walk, aggressively pursued trades, according to Stein, but wound up keeping him when an offer from the Bucks wasn't to their liking.
  • Bucks GM John Hammond is publicly heaping praise on coach Jim Boylan, but Stein hears Boylan has little to no shot of retaining the job, based on the team's late-season slump.
  • Doug Collins may join the Sixers front office or simply become an adviser to the team if he decides to step away from coaching.
  • Justin Holiday's deal with the Sixers includes a team option for next season, and it appears the deal is partially guaranteed for $50K, becoming fully guaranteed if he's not waived by August 15th.
  • The Nets also have a team option on Kris Joseph's deal for 2013/14.
  • A source insists to Stein that the Jazz will retain Tyrone Corbin for the final year of his contract next season, regardless of whether the team makes the playoffs.
  • Jermaine O'Neal, 34, is leaning strongly toward playing again next season. He signed a one-year, minimum-salary deal with the Suns last summer. 

Nets Re-Sign Kris Joseph For Season

The Nets have signed Kris Joseph for the remainder of the season following the expiration of his 10-day contract, the team announced today in a press release. Because Joseph was released by the Celtics long before the March 1st buyout deadline, he'll be eligible to play for the Nets in the postseason.

During his first 10 games with the Nets, Joseph saw limited minutes in three of the team's five games, though he failed to record a single point, missing both of his shots from the field and a pair of free throws. Joseph, who was selected 51st overall last June by the Celtics, spent a good chunk of this season in the D-League, playing 27 games in total for the Springfield Armor and Maine Red Claws. The 24-year-old averaged 18.6 PPG in those D-League contests.

Now that they've locked up Joseph, the Nets have a full roster of 15 players on guaranteed contracts as the postseason approaches.

Odds & Ends: Mavericks, Joseph, Harris, Jordan

After failing to make the playoffs for the first time since 2000, the Mavericks will be opportunistic as they look to upgrade their roster this summer, Mark Cuban tells Tim MacMahon of ESPNDallas.com, vowing that the team will be better next year.

"We maximized for the first generation of Dirk [Nowitzki]'s golden years to win a championship," Cuban said. "So we'll do our best for his second generation of golden years and then the next generation and the next generation until he runs out of golden years."

Here are a few more odds and ends from around the NBA:

  • Kris Joseph's 10-day contract with the Nets is set to expire tonight, but teammate Jerry Stackhouse tells Steve Bulpett of the Boston Herald that he expects the club to retain Joseph. If Joseph re-signs with Brooklyn, it figures to be a rest-of-season contract, which would make him eligible for the postseason.
  • Since being traded from the Bucks to the Magic, Tobias Harris has looked like a future star, as Alex Kennedy of HoopsWorld writes. Kennedy spoke to the second-year forward, who is averaging 16.9 PPG and 8.8 RPG in 24 games with Orlando.
  • Ian Thomsen of SI.com examines what the next step is for all 14 teams headed for this year's draft lottery.
  • Following a D-League stint, former Knick Jerome Jordan is heading overseas to join Talk 'N Text in the Philippines, according to Emiliano Carchia of Sportando.

Nets Sign Kris Joseph To 10-Day Contract

The Nets have officially signed Kris Joseph to a 10-day contract, the team announced today in a press release. Tim Bontemps of the New York Post initially reported over the weekend that the two sides had reached an agreement.

Joseph, 24, had been drafted by the Celtics in the second round of last June's draft, but was on a non-guaranteed contract, and was released in January before that deal became guaranteed. The Canadian forward subsequently joined the D-League, where he was acquired by the Nets' affiliate, the Springfield Armor. In 27 D-League games this season, Joseph has averaged 18.6 PPG, including 19.0 PPG in his 15 contests with the Armor.

The Nets had been carrying 14 players on their roster, so the team won't have to make a corresponding move to open up a spot for Joseph.

Nets To Sign Kris Joseph

The Nets are set to sign Kris Joseph from their D-League affiliate Springfield Armor, a source tells Tim Bontemps of the New York Post.  The Armor acquired Joseph from the Maine Red Claws earlier this year in exchange for James Mays.

Joseph was selected in the second round of last year's draft by the Celtics and was cut loose by the team in January.  In 14 games for Springfield, the forward averaged 19.4 points prior to Friday's 12 point performance.

The 6-foot-7 wing player spent four years at Syracuse, where he was named to the All-Big East First-Team as a senior.  

Atlantic Notes: Nets, Smith, Celtics, Sixers, Turner

Earlier tonight, we learned that things are heating up between the Nets and the Hawks as Brooklyn eyes forward Josh Smith.  The Nets may not have all the assets to get a deal done, however, and it may behoove them to get a third team involved in the trade talks.  Brooklyn would reportedly part ways with Kris Humphries and MarShon Brooks to bring the high-flyer further up the east coast, but it's going to take more than that to make the Hawks release him from their talons.  The Hawks almost certainly would like to trade Smith rather than lose him for nothing this summer, but they can find plenty of suitors around the league.  Here's more on the Nets and the rest of the Atlantic..

  • Nets owner Mikhail Prokhorov must really not care about luxury tax penalties if he is willing to take on another max deal in Smith on top of an already expensive roster, tweets Stefan Bondy of the New York Daily News.  Prokhorov has made it clear that winning is his top priority and with the highest net worth of any owner in the league, he has the resources to make that a reality.
  • In a deal slightly less glamorous than the rumored Smith swap, the Nets' D-League affiliate (Springfield Armor) sent power forward James Mays to the Celtics' affiliate (Maine Red Claws) for swingman Kris Joseph, a source tells Tim Bontemps of the New York Post.  Both players were in camp with the respective NBA clubs and Joseph was said to impress over the summer.
  • John Mitchell of the Philadelphia Inquirer warns Sixers fans not to hold their breath on an Evan Turner trade.  Turner is allegedly on the block as Philly considers a shakeup.

Odds & Ends: NBPA, Joseph, Lakers, Burks

The latest news and notes from around the NBA on Wednesday evening: