Man, it hasn't been a kind summer for Fab Melo.
With a stacked big man rotation that includes Marc Gasol, Zach Randolph, Kosta Koufos and Ed Davis, Memphis was in a position to handle Melo like the project that he is or simply cut-and-run from a player who has had his commitment and maturity questioned. The Grizzlies have taken the latter route, perhaps hoping that a rebuilding team will claim Melo off of waivers, thus saving Memphis the cost of his $1.3 million contract for the 2013-14 season. Whether or not such a claim is made, the Grizzlies currently sit below the NBA’s $71.7 million luxury tax line.
The Celtics did send an undisclosed amount of cash to Memphis as part of the trade, and I'd bet that the amount was pretty close to the amount the team was on the hook for. We'll see if any team wants to take a flyer on Melo either by picking up his waivers or more likely by bringing him to camp on an non-guaranteed contract.