Here’s when the Celtics’ $17.1 million traded player exception will expire
July 18 is an important date in the Boston Celtics’ offseason schedule.
The Celtics created a $17.1 million traded player exception last offseason when they traded Evan Fournier to the New York Knicks via a sign-and-trade. This TPE does have an expiration date, however: 11:59 p.m. ET on Monday, July 18.
That means if the Celtics don’t use the TPE in a trade by the end of the day on Monday, it will be gone.
TPE can be a useful asset for teams as it allows them to acquire players without having to match salaries. So, in theory, Boston could trade for a player earning up to $17.1 million in 2022-23 and just have to give up draft picks and/or players on low-cost deals.
If you’re expecting last-minute fireworks from Brad Stevens and Co., don’t hold your breath.
Forsberg: Stevens has a clear philosophy for the remaining moves on the roster
The Celtics have already made two big moves this offseason by signing big man Danilo Gallinari and trading for point guard Malcolm Brogdon. The moves pushed Boston $20 million over the luxury tax for next season, and although Stevens insisted he had the property’s blessing to spend over the threshold, he is also wary of spending for the sake of spending.
“Obviously we have not only a trade exception now, but trade exceptions that we can use again around the trade deadline, and it’s just a matter of finding the right deal,” Stevens recently told our Chris Forsberg. “If it’s the right trade to make, we have the green light to make it.”
Boston still has roster needs – namely frontcourt depth behind Robert Williams and Al Horford and possibly a veteran wing – and if the right player becomes available via trade on Monday, then a deal could be done. .
But the more likely scenario is that the Celtics turn to free agency to meet those needs, or explore a trade later in the offseason using one of their smaller TPEs. (Cs have TPEs of $6.9M and $5.9M that expire in 2023).
Even if Boston lets its $17.1 million TPE expire, the additions of Brogdon and Gallinari this offseason should see the club compete for a championship again in 2022-23.