Dopes - split out Bogans trade talk?
The Paul Pierce component of the trade still paying dividends.
1) Paul Pierce for 10M TPE + Bogans + 2016 1st-round pick (for argument's sake... distribution of picks among component BOS-BKN sub-trades is unknown/unimportant).
2) 10M TPE for Zeller + Thornton + 2016 1st round pick
3) Bogans for 5M TPE (Because the TPE was created, we know that the other players are all separate trades, which explains how the Sac picks were also included.)
So:
Pierce ---> Thornton + Zeller + 5M TPE + 2 2016 1st rounders.
The TPE or the picks could turn into something fun, too. The Pierce trade is the energizer bunny. We still have a few years left to see what happens to all of it.
As for Cleveland... they may want to salvage Bogans, but even if they don't, they could get instant salary relief (if I understand his contract correctly, he can be waived until the season starts) or be another salary-match trade asset.
EDIT: To elaborate on #3, assuming I understand this trade correctly... Individual minimum salaried players can be traded without balancing salary (but they do need something in exchange, ergo Sacramento picks), which allows the Celtics to avoid having all those non-guaranteed contracts "deduct" from the TPE.