Posted by Art Garcia
The Celtics won’t be trading or bringing back Rasheed Wallace this season. Instead, the veteran forward was waived Tuesday after spending one year in Boston, league sources told NBA.com.
Celtics president of basketball operations Danny Ainge said Tuesday that the Wallace situation would be resolved before the start of training camp. Wallace had two years left on his contract, but told Boston coach Doc Rivers he was leaning towards retirement after the Game 7 loss to the Los Angeles Lakers in the NBA Finals.
Wallace’s agent confirmed the retirement to the Boston Globe on Monday. Ainge said every possible trade avenue using Wallace’s contract was explored after it became clear he wasn’t returning. Wallace was owed $13 million for the final two years of the three-year deal. The Celtics likely bought out the remainder of the contract.
The Celtics didn’t wait around for the Wallace saga to play itself out. Needing frontcourt help with Kendrick Perkins out to start the season after major knee surgery, Ainge signed veteran centers Shaquille O’Neal and Jermaine O’Neal.
Wallace is technically free to sign with another team once he clears waivers and until retirement papers are filed. One team personnel executive said Wallace signing with another team was high unlikely.