NEW YORK - The blockbuster breakup of the Celtics is complete. Paul Pierce and Kevin Garnett are Brooklyn bound.
The Nets and Celtics finalized their draft-night trade Friday, a nine-player, three-draft pick swap centered on the two aging champions who won a title in Boston in 2008.
And with a championship chapter in the Celtics' storied history closed, it's the Nets who are thinking big as they head into their second season in Brooklyn.
"Today, the basketball gods smiled on the Nets," Nets owner Mikhail Prokhorov said in a statement. "With the arrival of Kevin Garnett and Paul Pierce, we have achieved a great balance on our roster between veteran stars and young talents. This team will be dazzling to watch, and tough to compete against."
The Nets also got Jason Terry and D.J. White from Boston while sending Gerald Wallace, Kris Humphries, MarShon Brooks, Kris Joseph, Keith Bogans and first-round draft picks in 2014, 2016 and 2018 to the rebuilding Celtics. Boston also gets the right to swap first-round picks in 2017.
The teams agreed to the deal on June 27, but it couldn't be completed until after next season's salary cap was set.
The Nets plan to introduce their new stars Thursday at Barclays Center.
The Nets also added Andrei Kirilenko on Friday. He will make $3.2 million this season and has an option for the second year. The forward opted out of a deal that would have paid him $10 million in Minnesota this season and will play again for former CSKA Moscow boss Prokhorov.
Budinger, Timberwolves complete $16M deal
MINNEAPOLIS - The Timberwolves have finalized their new contract with small forward Chase Budinger.
The deal was done Friday. Budinger, a 25-year-old former Arizona Wildcat, agreed to terms last week on a three-year, $16 million contract, but the Wolves had to make some moves to manage their salary cap before they could sign him.
Budinger's first season with Minnesota was limited to 23 games because of a lateral meniscus tear in his left knee. But his familiarity with coach Rick Adelman's system from their prior time together in Houston and his ability to shoot and move without the ball on the wing made 6-foot-7-inch Budinger a priority for the Wolves.
• The Hawks have re-signed guard Kyle Korver, allowing the team to keep one of the league's top three-point shooters. The four-year, $24 million deal, first reported last week, was signed Friday.
• Heat President Pat Riley says the team is not planning to exercise its amnesty option, a move that could save the team millions in upcoming luxury-tax payments. Instead, Riley says, the team is focusing on keeping the core together and improving the roster.