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Nets waive Joe Johnson

Brooklyn Nets v Cleveland Cavaliers

CLEVELAND, OH - OCTOBER 30: Joe Johnson #7 of the Brooklyn Nets drives into the paint during the second half against the Cleveland Cavaliers at Quicken Loans Arena on October 30, 2013 in Cleveland, Ohio. The Cavaliers defeated the Nets 98-94. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jason Miller/Getty Images)

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Joe Johnson’s buyout with the Nets is apparently complete.

Nets release:

The Brooklyn Nets have requested waivers on Joe Johnson, General Manager Sean Marks announced today.

Teams waive players in conjunction with a buyout. Johnson will clear waivers, because no team has enough cap space to absorb his $24,894,863 salary (not that anyone would want to, anyway). At that point, the amount Brooklyn owed him for the rest of this season ($7,175,578) will be reduced to a pre-negotiated number and Johnson will become a free agent.

Johnson reportedly already determined he’d sign with the Cavaliers, though he’ll have plenty of other suitors. The Thunder, who can pay him more and offer a larger role, look particularly intriguing. But at this point, everyone else appears to be playing catch-up to Cleveland.

After a horrid start to the season, Johnson has rounded into form, for a 34-year-old. He’s a solid wing scorer, and he should help whichever team signs him -- maybe even deep into the playoffs.