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Mark Murphy reports:  

A league source just confirmed that the Celtics and Timberwolves have finalized a deal that will bring Kevin Garnett to Boston in exchange for Al Jefferson, Ryan Gomes, Sebastian Telfair, Theo Ratliff and two first round draft picks.  (Typo leaving out Gerald Green has been fixed)

Garnett is expected to arrive in Boston this afternoon for a physical.

Garnett has agreed to a three-year extension with the Celtics beyond the two remaining on his contract, guaranteeing that he will be a Celtic for the next five years.

One reason for prolonged negotiations was the Celtics’ attempt to lessen the luxury tax hit this team will take next year, with Garnett, Paul Pierce and Ray Allen scheduled to earn a combined $54.4 million - the highest of any three-player combo in the NBA.

This will involve finding a way to lessen the impact of a 15 percent trade kicker in Garnett’s contract.