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.
Whatever the C’s paid Wallace will count against the cap and the luxury tax bill. The exact figure remains unknown at this point. In any case, you can toss away those dreams of the C’s getting a quality piece in return for Wallace’s contract. With Sheed officially gone, Boston has one roster spot open and precious expendable resources with which to fill it via trade.
The Rasheed Wallace experiment is over, and it was a failure. Onto the next.