KG Deal DONE! 3 year extension

[mark at 10thumbs.org]

Mark Murphy reporting on the Herald:

 July 31st, 2007
Garnett deal finalized
Posted by Mark Murphy at 1:01 pm

A league source just confirmed that the Celtics and Timberwolves have
finalized a deal that will bring Kevin Garnett to Boston in exchange for
Al Jefferson, Ryan Gomes, Sebastian Telfair, Theo Ratliff and two first
round draft picks.

Garnett is expected to arrive in Boston this afternoon for a physical.
Garnett has agreed to a three-year extension with the Celtics beyond the
two remaining on his contract, guaranteeing that he will be a Celtic for
the next five years.

One reason for prolonged negotiations was the Celtics’ attempt to lessen
the luxury tax hit this team will take next year, with Garnett, Paul
Pierce and Ray Allen scheduled to earn a combined $54.4 million - the
highest of any three-player combo in the NBA.

This will involve finding a way to lessen the impact of a 15 percent trade
kicker in Garnett’s contract.