The Boston Celtics are in the process of finalizing a trade to acquire David Lee from the Golden State Warriors in exchange for Gerald Wallace, sources tell SI.com's Chris Mannix. ESPN's Marc Stein was first to report the deal.
Stein had reported last month that the Warriors and Lee were likely to part ways after Lee found himself buried on the Golden State bench for much of this season.
The Warriors plan to keep Wallace, Yahoo's Marc Spears reports.
Lee signed a six-year, $80 million contract with the Warriors in 2010. He has one year remaining on that deal is set to make $15.6 million next season.
Lee, 32, averaged 7.9 points and 5.2 rebounds in 49 games last season. He made 13 appearances in the playoffs, averaging 8.2 minutes played per game.
Lee returns to the Atlantic Division, where he spent his first five seasons in the NBA with the New York Knicks.
- Dan Gartland