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Celtics Agree to Trade Garnett, Pierce, Terry to Nets, ESPN Says

The Boston Celtics agreed in principle to a trade that will send Kevin Garnett, Paul Pierce and Jason Terry to the Brooklyn Nets, ESPN reported, citing unidentified people close to the process.

The deal was sealed when center Garnett waived a no-trade clause in his contract, ESPN said during its televised coverage of last night’s National Basketball Association draft.

The trade cannot become official until July 10, when a league-wide moratorium on signings and trades is lifted after free agency begins July 1, the network reported.

The Nets, who hired Jason Kidd as coach two weeks ago, will send forward Gerald Wallace and first-round draft picks in 2014, 2016 and 2018 to Boston, ESPN said. The Celtics also will get Tornike Shengelia, Reggie Evans, Keith Bogans and rights to the expiring contract of Kris Humphries.

Garnett, 37, a 15-time All-Star, was the league’s Most Valuable Player in 2004 and is the only player in NBA history with 25,000 points, 10,000 rebounds, 5,000 assists, 1,500 steals and 1,500 blocks.

Garnett and 10-time All-Star forward Pierce, 35, who helped lead the Celtics to the NBA championship in 2008, would join three-time All-Star guard Deron Williams, six-time All-Star guard Joe Johnson and 2013 All-Star center Brook Lopez on the Nets.

Garnett and Pierce appeared to be headed to the Los Angeles Clippers last week, along with Boston coach Doc Rivers. Though the player trade did not happen, the Celtics agreed to release Rivers from the final three years of his contract and send him to the Clippers in exchange for a 2015 first-round pick.

To contact the reporter on this story: Rob Gloster in San Francisco at rgloster@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

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