The Nets waived Joe Johnson on Thursday, allowing the seven-time All-Star to join another team for the remainder of the season.
Johnson, 34, averaged 14.7 points per game in 288 games with the Nets during 3-plus seasons with the team. He is averaging 11.8 points, 4.1 assists and 3.9 rebounds per game this season.
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"The Nets want to thank Joe for his many contributions to the team and the organization," Nets GM Sean Marks said in a team release. "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."
Johnson was in the final season of a six-year, $124 million contract, which was the largest in the league when he inked it with Atlanta in 2010. He was due to make $24.9 million this season alone.
According to ESPN, several playoff-bound teams, including the Hawks, Celtics, Cavaliers, Rockets, Heat, Thunder and Raptors, are interested in adding Johnson for the stretch run.