Overview

• The Celtics and Trail Blazers exchanged two-time All-Star guard Jrue Holiday for rising scorer Anfernee Simons in a finalized player-for-player swap.
• Boston agreed to drop its 2030 and 2031 second-round picks after new findings in Holiday’s pre-trade medical exams prompted Portland to alter the original terms.
• League sources said Holiday’s medical findings were not substantial enough to void the trade and he is expected to be fully healthy for training camp.
• The move generates about $40 million in luxury tax savings for the Celtics by reducing their salary obligations below the NBA’s second apron.
• Both franchises are exploring further roster adjustments to navigate tax penalties and bolster their lineups ahead of the new season.