Originally posted on Celtics Life  |  Last updated 9/17/13
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From Hoops Hype. Agent Chris Grier-Luchey tells HoopsHype the Celtics are waiving forward Donte Greene, who will sign with a club in China. — HoopsHype (@hoopshype) September 17, 2013 So at the end of the day, just as we all expected, Fab Melo was traded along with $1.7 million in cash just so the Celtics could waive Greene and his non-guaranteed $1 million salary. What this means is two things. 1. The Celtics, at least temporarily, are below the luxury tax. At the moment the Celtics have $71.22 million in salary on the books. The luxury tax threshold is currently set at $71.748 million, meaning the Celtics have approximately ~$528,000 in space. 2. Boston is down to 14 players under contract. They have four players — DeShawn Sims, Damen Bell-Holter, Kammron Taylor, and Chris Babb — who will be attending camp under non-guaranteed deals. All of these players figure to make ~$500,000 if they make the team. So the Celtics could save about $500,000 by going with one of them inst...
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