Stephon Marbury, who was finally released by the Knicks on Tuesday, is expected to sign for the veteran's minimum with the Celtics once he clears waivers.
Marbury, a two-time All-Star, is expected to clear waivers on Friday morning.
He will reportedly sign for the prorated veteran minimum of $1.3 million to join the defending-champions.
"I'm blessed to be able to move on with my career," said Marbury via e-mail. "I'm excited about the new beginning."