Well, that didn’t take long:
Wallace has yet to file retirement papers, so the $6.32 million owed him next season and $6.79 million in 2011-12 would come off a team’s books after Wallace is traded to them. They could do a deal and not take on his money. Ainge is trying to use the Wallace contract to bring back a power forward or center to replace Wallace and the injured Kendrick Perkins.
The Celtics could then use their midlevel exception for a different player. Several sources believe that Ainge’s target is Orlando’s J.J. Redick, who is a restricted free agent.
Boston has strong interest in Brad Miller in free agency and could try to acquire Dallas center Erick Dampier.
Some of this is new to us, some not. The Sheed news is encouraging. If his contract can bring back a big man (and Michael Beasley is a target that makes a lot of sense), the C’s could use their mid-level on a wing player without worrying too much about an ultra-thin front line.
Could that wing player be J.J. Redick?
Well, Redick is a restricted free agent, meaning Orlando retains the right to match any offer for Redick. And they want Redick back, according to the Orlando Sentinel. The best case scenario with Redick is likely forcing Orlando to spend more than they’d like to keep him.
As for Dampier, his $13 million expiring deal is completely unguaranteed, meaning a team could trade for him and just waive him. In other words: Damp is a super-valuable asset, and I’m not sure what Boston could offer Dallas to get him. It’s more likely Boston would wait for another team seeking cap space to deal for Dampier and waive him, making him a free agent the C’s could then sign with a cap exception. I’m assuming that’s what Woj means in this report.
Update: Brian Windhorst, the Cavs beat writer for the Cleveland Plain-Dealer, tweets that the Cavaliers plan to contact Ray Allen today.