Former All-Star Joe Johnson has been waived by the Brooklyn Nets, the team announced on Thursday.
The Nets agreed to a buy-out on the remaining $24.9 million left this season in the final year of Johnson’s six-year, $124 million deal signed in 2010 when he was still with the Hawks.
Johnson wanted to be released before next Tuesday’s March 1 deadline, so that he could join a contender and be eligible to play in the playoffs this season.
Johnson agreed to give up about $3 million of his remaining 2015-16 salary to get the buyout and be free.
“It shows Joe’s serious about going to a contender,” new Nets GM Sean Marks told ESPN. “We wish him all the best. He’s been part of some great Net memories.”
A host of playoff teams including the Celtics, Cavs, Hawks, Heat, Thunder, Raptors, and Rockets have already expressed interest in acquiring Johnson.
But they will have to wait until he clears waivers on Saturday at 5pm Eastern time.
Johnson, a 6-7, 240-pound shooting guard/small forward, has averaged 17 points, 4.2 assists, and 4.1 rebounds in 14 NBA seasons with the Celtics, Suns, Hawks, and Nets.
The 10th overall pick by Boston in the 2001 NBA Draft, Johnson has averaged 11.8 points and 4.1 assists in 57 games with Brooklyn this season.