Roster Moves Put Celtics Under Tax
The Boston Celtics waived the nonguaranteed contract of recently acquired Donte Greene on Tuesday.
The Celtics sent approximately $1.7 million to Memphis in order to clear a roster spot and dip below the luxury tax line.
Avoiding the tax could help Boston avoid looming repeater penalties for taxpayers and puts the team in line for a rebate, as part of the money spent by tax teams is redistributed to non-taxpayers. That’s a pretty attractive incentive this season after Boston pumped up the tax bill for the rival Nets when it send Paul Pierce and Kevin Garnett to Brooklyn earlier this summer.