Kevin Garnett agreed to waive his no-trade clause, the last step toward finalizing a trade that will send him, Paul Pierce and Jason Terry from the Celtics to the Nets, multiple media outlets reported Friday.
Trades cannot become official until July 10 because of the league's moratorium on transactions as well as salary cap purposes.
But Brooklyn has agreed to send three first-round picks (2014, 2016 and 2018), guard MarShon Brooks, forwards Gerald Wallace and Kris Joseph and the expiring contract of forward Kris Humphries. The teams also will execute a sign-and-trade that will land forward Keith Bogans in Boston.
Neither team can comment.
The trade ends the "Big Three" era — Garnett, Pierce and Ray Allen — in Boston.
The longest-tenured member of the Celtics, Pierce is the team's captain, a 10-time All-Star and a likely Hall of Famer. The small forward drafted 10th overall in 1998 is the second-leading scorer in the history of the NBA's most-decorated franchise and is in the team's top seven in rebounds, assists, steals, games and minutes played.
Garnett, a center, and Allen, a guard, were acquired via trades in 2007, and Boston won the NBA title in their first season together.
It lost to the Magic in the East semifinals the following season but returned to the Finals in 2010, losing to the Lakers. Then came two eliminations by Miami and, after five straight division titles, a third-place finish and a first-round loss to the Knicks this season.
Now comes rebuilding under team president Danny Ainge.
Said Heat scout Tim Hardaway: "We don't have to worry about Boston no more."
Allowing coach Doc Rivers to leave for the Clippers got the Celtics a first-round pick in 2015. Add the picks from the Nets, and they will have nine first-rounders from 2014-18.
"It's sad to see everybody leave Boston. You just want them to go … where they have a chance to win, and they have," Rivers said. "It's a great trade for Boston, too. Not now, later. Danny wanted to rebuild, and that's what he's doing."
Meanwhile, the Nets, who won 49 games and lost in the first round of the playoffs, are in a win-now mode. Garnett, 37, has two years and about $24 million left on his contract. He averaged 29.7 minutes this season, the fewest since he was a rookie. Pierce, 35, who will earn $15.3 million in the final year of his contract, averaged 18.6 points, his fourth consecutive season under 20 after eight of nine above it. (Terry, 35, a guard, averaged 10.1 points.)
Brooklyn's other projected starters are guard Deron Williams ($18.466 million salary in 2013-14), guard Joe Johnson ($21.466 million) and center Brook Lopez ($14.693 million).
Howard talk: Mavericks star forward Dirk Nowitzki said he has talked to Lakers center Dwight Howard about joining him in Dallas. "I told him we'd love to have him," he said. "That's really about it. It's not like we call each other every day." The Rockets also are interested in signing the seven-time All-Star with former Gator Chandler Parsons having sent text messages. Teams can begin talking to free agents at 12:01 a.m. Sunday. Players can sign July 10, and espn.com reported that is when Howard will announce his decision. The Lakers, who can offer him about $30 million more than other teams, put up billboards around Los Angeles with a photo of Howard and the word "Stay." GM Mitch Kupchak said he is "optimistic" about Howard returning: "The message is simple: We care about you and we want you to stay."
Allen back: Allen will return to the Heat after he exercised his $3.2 million player option. Allen, 37, averaged 10.9 points.