Donte Greene cut, will sign in China

Cary Emondson-US PRESSWIRE

Per HoopsHype, Donte Greene will be waived by the Celtics and play overseas next season.

For how the math finally breaks down in the Donte-Greene-for-Fab-Melo trade-and-cut between the Celtics and Grizzlies, I'll defer to HoopsWorld's salary guru Eric Pincus:

The Grizzlies, who seem to be hoarding TPEs like no other franchise, could have traded Greene directly for Melo.

Instead, they used up the remainder of their Marreese Speights TPE, which was set to expire on January 22, 2014, to acquire Melo and his $1.3 million salary this coming season. The Grizzlies also received a new TPE, created for Greene's $1.0 million salary (which won't expire until August 15, 2014).

Boston's primary goal in the trade was to get under the luxury tax threshold, which likely means Greene is waived by the team before the season begins.

Boston drafted Melo in 2012 with the 22nd overall pick but they dumped him to get out of the tax.

The Celtics also sent $1.66 million in cash to the Grizzlies to make the deal, about $349k more than Melo will make next season.

So there you have it.  Memphis generated another TPE and made a little cash on the deal and the Celtics were able to cut a player that didn't have a guaranteed contract in order to get under the luxury tax.  Boston now has 14 guaranteed contracts and are roughly half a million dollars under the tax threshold.

That opens the door for one of the four non-guaranteed training camp invites--DeShawn SimsDamen Bell-HolterKammron Taylor, and Chris Babb--to make the team on a rookie contract.  For those hoping that getting under the tax would free up Ainge to bring in fan favorite veterans like Leandro Barbosa or Chris Wilcox, remember that per the salary cap, only a rookie minimum would fit under the threshold; the minimum for a rookie is ~$490,000 where as a player who has already played in the league for one season is owed at least ~$788,000.

SB Nation Featured Video
Log In Sign Up

Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join CelticsBlog

You must be a member of CelticsBlog to participate.

We have our own Community Guidelines at CelticsBlog. You should read them.

Join CelticsBlog

You must be a member of CelticsBlog to participate.

We have our own Community Guidelines at CelticsBlog. You should read them.




Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.