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Kevin Garnett has agreed to waive his no-trade clause, clinching an agreement on a trade that will land Paul Pierce, Garnett and Jason Terry with the Brooklyn Nets.
Garnett waiving the no-trade clause was the last step to sealing the deal, sources said.
No trade between the teams can officially be consummated until July 10 -- when a league-wide moratorium on signings and trades is lifted after free agency begins Monday -- but the teams made fast progress on finalizing the trade parameters.
Brooklyn has agreed to send three first-round picks (2014, '16 and '18) along with Kris Humphries' expiring contract, Gerald Wallace, Kris Joseph, MarShon Brooks and a sign-and-traded Keith Bogans to the Celtics for Pierce, Garnett and Terry.
The Chicago Bulls meanwhile drafted Tony Snell, a small forward from New Mexico.