Celtics Trade Porziņģis, Holiday in Three-Team Deal

The Boston Celtics traded Kristaps Porziņģis to the Atlanta Hawks and Jrue Holiday to the Portland Trail Blazers in a three-team deal also involving the Brooklyn Nets. Boston received Georges Niang and draft picks, significantly reducing their projected luxury tax penalties by an estimated $180 million and moving $4-4.5 million below the NBA's second-apron threshold. The Nets used their cap space to acquire Terance Mann and Atlanta's No. 22 pick for future assets. These transactions were prompted by Jayson Tatum's Achilles injury, which is expected to sideline him for most or all of the 2025-26 season, shifting Boston's focus toward financial flexibility and long-term planning. Atlanta acquired Porziņģis to strengthen their frontcourt alongside Trae Young, though his health remains a concern. The Celtics are reportedly exploring additional roster moves, including potential trades in the draft.