Lee addressed the trade on his Instagram account.
“Would like to thank every1 in the celtics  organization for the opportunity to be a celtic, I enjoyed my time in Boston and am grateful. Would also like to thank @celtics  for showcasing my desire to give back to the community and also making me look good in the pictures lol. Would also like to thank the fans for the amazing year and a half journey, we started off a little rocky but I got my game back right so thanks for the extra motivation. #allgoodthingscometoaend!!!”
As a result of the deal, the Celtics  save $2.1 million this season and shed the $11.1 million owed Lee over the next two seasons, since Bayless is slated to become an unrestricted free agent this summer.
Of course, the C’s also acquire a 25-year-old point guard who has averaged highs of 11.4 points, 4.0 assists and 2.5 rebounds with a 52.2 true shooting percentage and 13.5 Player Efficiency Rating for five teams in his six NBA seasons. Bayless averaged 8.0 points (46.8 TS%), 2.0 assists and 1.9 boards while producing an 11.2 PER in 20.8 minutes over 30 games for the Grizzlies  this season. He has totaled 57 points in his last three games against the Celtics .
The trade effectively ends a disappointing Boston tenure for Lee. While the 28-year-old has scored 7.4 points on 57.3 true shooting (49.2 FG%, 44.2 3P%) in 30 games for the Celtics  this season, he never quite lived up to the four-year, $21.5 million deal he signed in 2012.
Most importantly, the Celtics cut their guaranteed payroll to just $42.5 million next season — well below the projected salary cap of $62.1 million — offering Celtics president Danny Ainge even more flexibility to re-sign Avery Bradley , acquire anyone on the free-agent market and/or make any trade under the sun. The Celtics now also have some wiggle room to add another player this season to fill the roster at 15.