It appears as though the Celtics are beginning the rebuilding process. At the top of that list? Exploring trade options for Paul Pierce.
According to a report by ESPN.com, the Celtics want a first-round pick in Thursday's draft for Pierce. If they can't get a deal, they are reportedly expected to pick up Pierce's $15.3 million option before the June 30 deadline. Otherwise the Celtics would have to buy him out for $5 million.
The Cleveland Cavaliers and Milwaukee Bucks have shown interest in Pierce, according to the ESPN report, but the Celtics are reportedly working to send Pierce to a contending team.
The Cavaliers have two first round picks -- No. 1 overall and No. 19 from the Lakers -- while the Bucks sit at No. 15.
A report over the weekend said that the Cavs offered the Celtics two second-round picks for Pierce.
Based on Tuesday's reports, it wasn't enough to gain the Celtics' interest.