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Celtics trade Courtney Lee for Jerryd Bayless

The Boston Celtics have traded guard Courtney Lee for Jerryd Bayless of the Memphis Grizzlies. The Celtics were trying to get rid of Lee because of his contract and have been looking to land Bayless in past years.

Report via ESPN:

The Boston Celtics have reached an agreement with the Memphis Grizzlies to trade for veteran guard Jerryd Bayless, according to sources close to the process.

Sources told that the Celtics, after pursuing him in previous seasons as well, are on the verge of acquiring Bayless for shooting guard Courtney Lee. A trade call with the league office, sources said, has been scheduled for Monday.

The Grizzlies, with nearly $7.5 million left of a trade exception they created in January 2013 by dealing Rudy Gay to Toronto, can use that exception to absorb Lee’s contract, which runs for two more seasons at slightly more than $11 million after this season.

The Celtics have been trying to shed Lee’s contract, despite the 28-year-old’s .492 shooting from the floor this season and .442 shooting from 3-point range. So they’ve spent the weekend trying to complete this swap for Bayless, whose production is down under new Grizzlies coach Dave Joerger while making $3.1 million in the final year of his contract.

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