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KG Wants $125 Million

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Eric Weiss from DraftExpress reports:

Multiple sources close to the situation told DraftExpress Sunday that the Boston Celtics and Minnesota Timberwolves have come to terms on a trade exchanging Kevin Garnett for a package including Al Jefferson, Gerald Green, Sebastian Telfair, and Theo Ratliff. The exact details of the trade aren’t known at this point, but it is believed that the deal will be completed shortly with similar parameters.

This deal has been rumored for most of the summer, but according to sources with direct knowledge of the situation, the main hold up had been the negotiation of a contract extension for Garnett. According to this source, Garnett’s camp is asking for a 5 year extension worth 125 million dollars. Whether or not the two parties have altered the initial proposal or agreed to it is not known, but apparently some accord has been reached. Garnett has an opt-clause in his contract for next season that he has essentially been using as leverage to get traded and secure his financial future with the team that acquires his services.