Nearly one year after acquiring Keith Bogans from the Brooklyn Nets, the Boston Celtics are finally making use of the shooting guard as a trade chip.
ESPN is reporting that the Celtics are sending Bogans to the Cleveland Cavaliers for a host of players and second round draft picks.
The Cavaliers will surrender the non-guaranteed contracts of John Lucas, Erik Murphy and Malcolm Thomas — as well as forward Dwight Powell — to acquire Bogans, whose trade-friendly contract holds great appeal to Cleveland. Boston, meanwhile, gets Powell and, sources told ESPN.com’s Jeff Goodman, two future second-round picks in the deal.
Powell has the only guaranteed contract in the deal. He is scheduled to earn $507,336 this season.
Bogans is in the second year of a three-year contract he signed with the Celtics last summer. He is scheduled to earn $5.3 million this year and $5.5 million in 2016-17 but the entire deal is non-guaranteed.
That fact is appealing to the Cavaliers, as they could deal the 34-year-old in a separate deal later this season to a team looking to cut salary. Bogans’ contract also opens up sign-and-trade possibilities for the Cavs in free agency next summer, as they also have another sizable non-guaranteed contract on the books in Brandon Haywood ($10.5 million).
Don’t expect many of the players acquired by Boston in the deal to ever wear a Celtics uniform. The trade gave Boston 23 players including players on camp invites. The Celtics began to address that problem later Thursday evening by waiving guard Chris Babb and swingman Chris Johnson, but will have to do some more roster shuffling in the coming days in order to get down to 20 players for the start of training camp on Tuesday. Stay tuned.