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The Brooklyn Nets have added Kevin Garnett and Paul Pierce to their trio of Deron Williams, Joe Johnson and Brook Lopez under rookie coach Jason Kidd.
It is deemed as one of the most formidable rosters in the NBA.
Boston Celtics sent Garnett, Pierce along with Jason Terry to the Nets in exchange for three first-round picks (2014, '16 and '18), Kris Humphries' expiring contract, Gerald Wallace, Kris Joseph, MarShon Brooks and a sign-and-traded Keith Bogans.
Garnett has to waive the no-trade clause to seal the deal.
The Nets saw Pierce's inclusion as the surest way to persuade Garnett to waive his no-trade clause.
But because Pierce is making nearly $17 million this season and the Celtics had to use the $15.3 million team option, the trade only becomes officially consummated after the start of free agency and the lifting of the moratorium on July 10.
By agreeing to add Terry to the trade, the Nets alleviated the impact to the Celtics of having to absorb the remaining three years and $30 million on Wallace's contract.
After news of the proposed trade, Sportsbook.com dropped the Nets' odds to win the NBA title from 50-1 to 25-1.
In 2014, Boston gets either Brooklyn's pick or Atlanta's pick, whichever is worse. And in 2017, Boston has the right toswap picks with Brooklyn.
The Celtics now are a team in transition looking to accelerate the rebuilding process by chasing draft picks and creating cap space.
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Nets Acquire Kevin Garnett and Paul Pierce from Celtics in Blockbuster