Nets waive Johnson

The Brooklyn Nets have waived seven-time NBA All-Star Joe Johnson after agreeing to buy out the remainder of his contract. 

Johnson, who was traded to the Nets from the Atlanta Hawks in July 2012, is now free to sign with any team he wants once he clears waivers, which is expected to happen on Saturday.

It is understood that a plethora of teams – the Boston Celtics, Cleveland Cavaliers, Houston Rockets, Miami Heat, Oklahoma City Thunder, Toronto Raptors and the Atlanta Hawks – are interested in acquiring the services of Johnson as they look to bolster their squads with the playoffs fast approaching.

However, whichever team wins the race to Johnson’s signature will have to pay him the remainder of the $24.9 million he is owed this season.

Nets general manager Sean Marks lauded Johnson for his services as he played a pivotal role in leading the team to the playoffs in his first three seasons in Brooklyn.

“The Nets want to thank Joe for his many contributions to the team and the organization,” Marks said in a statement. “Joe has been a quality professional since joining the Nets four years ago, was a valued member of three playoff teams, and provided many thrilling moments for his teammates and Nets’ fans. We wish him much success in the future.”

In the 57 games he played this season, Johnson averaged 11.8 points, 3.9 rebounds and 4.1 assists.

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