Celtics 24/7

C's Waive Rasheed Wallace

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The Celtics announced on Tuesday Night that they have waived big man Rasheed Wallace after just one season with the club. All Summer the Celtics have tried to trade Wallace’s contract but had no takers in trying to get some value for Sheed, who still plans on retiring. CSNNE.Com A. Sherrod Blakely story below.

The Boston Celtics announced Tuesday night they had waived the 15-year veteran, who told the team back in June that he planned to retire. Wallace being waived was first reported by Sekou Smith of NBA.com. The Celtics could not find any takers after spending most of this summer trying to trade the 6-foot-11 Wallace, who was due to make $6.3 million this season. Danny Ainge, Boston’s president of basketball operations, had a teleconference with reporters Tuesday afternoon that was primarily centered around the team’s newest addition, Shaquille O’Neal. He was also asked questions about Wallace’s status, which Ainge said would be resolved soon. Ainge wasn’t kidding, as Wallace’s tenure with the C’s became official a few hours later. “We would like to thank Rasheed for everything that he did for this team and organization last season,” said Ainge, Boston’s  said in a statement Tuesday night. “We would like to wish Rasheed and his family the best as they move into the next phase of their lives. He will always be a member of the Celtics family.”By waiving Wallace, the C’s now have 14 players with guaranteed contracts and another two (Tony Gaffney and Oliver Lafayette) that will be in training camp with partially guaranteed deals. However, the C’s might be inclined to go after another wing player like Larry Hughes who at this point is arguably the best unsigned shooting guard. The Celtics have had some discussions about Hughes, but it’s unclear if a deal for the 6-foot-3 combo guard is imminent.

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Chris Stevens
As a lifetime New England sports fan, Chris was determined in October of 2005 to finally start using that passion and determination to create the site now known as Celtics 24/7. Formerly known as Celtics Pride, Celtics 24/7 has become one of the most well-respected and followed Celtics websites. Our motto “For Fans, By Fans” rings entirely true as we’ve built and grown a community of passionate and enthusiastic Celtics fans. It all starts with you–the fans, and I appreciate every single person who supports us on our journey to the top.