The Golden State Warriors have parted ways with David Lee as multiple reports confirmed the former All-Star was traded to the Boston Celtics on Tuesday.

Marc Stein of ESPN first reported the agreement that will send Lee to the Celtics in exchange for Gerald Wallace. Sam Amick of USA Today then reported the Celtics will send another player to make salaries match.

Lee is scheduled to earn $15.49 million, while Wallace will get $10.10 million in the final year of their respective contracts next season. The Warriors and Celtics cannot announce the deal until Thursday, when the league moratorium on roster moves is lifted.

Depending on the salary of the additional player in the deal, the move will save the Warriors around $20 million in luxury tax next season even if Wallace will be retained in the roster.

According to Stein, the Warriors could also decide to waive Wallace and use the stretch provision, which will give them the chance to settle the payment for three seasons or around $3.36 million per season.

On the other hand, the Celtics will get veteran leadership to guide their young roster. The Celtics also recently added free-agent forward Amir Johnson to their roster.

Lee, who has spent the past five seasons in Golden State after five seasons with the New York Knicks, was the starting power forward in his first four seasons with the Warriors.

However, the 32-year-old forward lost his starting spot to Draymond Green early in the 2014-15 NBA season and played sparingly in the 49 regular-season games. From an average of 33.2 minutes in 69 games during the 2014-15 NBA season, his minutes went down to 18.4 per game last season.

But despite playing limited role during the regular season and early in the playoffs, Lee made an impact during the 2015 NBA Finals against the Cleveland Cavaliers, providing huge lift off the bench to help the Warriors end their 40-year title drought by defeating the LeBron James-led team in six games.

Following their successful campaign last season, reports revealed that the Warriors and Lee will work together to find a new destination for the 32-year-old forward, who averaged 7.9 points and 5.2 rebounds last season.

The Warriors reportedly told Lee and his agent -- Mark Bartelstein -- that the veteran forward deserves bigger role elsewhere instead of playing off the bench in Golden State despite the fact that Lee accepted his role last season.

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