Former All-star David Lee is headed towards Boston Celtics, as Gerald Wallace will be landing at Golden State, according to league sources.
The Golden State Warriors have agreed to the Celtics to trade Lee for veteran Wallace. Though the deal can’t be ratified officially until Thursday, until a league-wide moratorium on roster business is lifted.
32-year-old Lee suffered most of last season from an injured hamstring after displaying spirited performance in the training camp, thus losing his place in the side to Draymond Green due to bad timing. On Tuesday, Green tweeted, expressing his gratitude for Lee’s tutelage. The two-time All-star last made the All-star game in 2012-13 season over Stephen Curry.
On 2010 summer, Lee signed a $80 million, 6-year contract with Golden State. After the Warriors went on a 21-2 winning spree in a 67-win season with Green as a starter, Lee’s role was reduced to spot minutes in the fifth year of his contract. That made Lee an expensive extra on Warriors’ bench. By virtue of shedding Lee’s $15.4 million salary, the Warriors’ salary-cap will go below $100 million even if they retain Wallace in the roster. It would enable the Warriors to avoid $20 million net-savings in luxury tax since the latter’s salary is $5.4 million less than the former for 2015-16 season.
Warriors can also waive off swing-man Wallace by utilizing the stretch provision and reduce taxes further. They can also force Wallace to settle for a $3.3 million annual contract for the next three years.