Boston Celtic announced yesterday that they acquired the 10 times All Star Player and MVP 2004, Kevin Garnett of Minnesota Timberwolves in exchange of Ryan Gomes, Gerald Green, Al Jefferson, Theo Ratliff, Sebastian Telfair, a first pick of 2009 Draft. Minnesota receives also financial considerations in the exchange.
The deal of Kevin Garnett now concluded, the team and the league revealed the final version of its contract which, from now, will force Celtics to pay the luxury tax the next season.
By signing the deal with Garnett, the three years extension will cost a total of 60 million dollars.
The real extension totals 51 million dollars 14.6 M of $ for the season 2009-10, 17 million M of $ per 2010-2011 and 19.4 million M of $ per 2011-12.
But the wages of Garnett will increase by 1.8 million dollars each year during the five years of its contract, the repercussions of the trade and the premiums will be absorbed throughout the contract.
Consequently, Celtics will pay 105 million dollars with Garnett during the five next years (23.8 million dollars for the next season, 24.8 M of $ per 2008-09, 16.4 M of $ per 2009-10, 18.8 M of $ per 2010-11, $21.2 per 2011-12).
In Celtics, KG will not wear the number 21, because Celtics withdrew number 21 in 1966 to honour the Hall Famer, Bill Sharman. It seems that Garnett will carry number 5.
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