Report: Joe Johnson, Nets open buyout negotiations

AP Photo/Tony Gutierrez
5 Comments

Joe Johnson is one step closer to joining the Cavaliers.

After not reportedly not being interested in taking a buyout from the Nets, Johnson is now negotiating a buyout with the Nets, because that’s just how these things go.

Marc Stein of ESPN:

Johnson is owed  $7,175,578 the rest of this season. How much of that would he surrender to leave Brooklyn? And how much would the Nets need to keep to drop one of their name players, especially in a season they lose their first-round pick to the Celtics anyway?

Johnson would recoup some money with his next team, but he’d probably leave money on the table:

  • The Cavaliers and Raptors could pay $8,819 per day.
  • The Rockets could pay $19,207 per day.
  • The Hawks and Celtics could pay $42,417 per day.
  • The Heat could pay $42,973 per day, though luxury-tax concerns would almost certainly put their offer at the minimum salary Cleveland and Toronto can extend.
  • The Thunder could pay $50,888 per day.

That’s all a far cry from the  $146,440 per day Johnson is making with the Nets.

Plus, there’s no guarantee those other teams would offer so much. Toronto, Houston and Oklahoma City would also need to waive a player to open a roster spot.  Cleveland, Houston and Oklahoma City would face higher luxury-tax bills.

Not that Johnson needs to continue weighing his options outside Brooklyn. It’s reportedly a forgone conclusion Johnson will join the Cavaliers if bought out.

As long as his buyout is complete by March 1 and he joins another team by the end of the regular season, he’ll be eligible for its playoff roster.

Now, it’s just a matter of finding a mutually agreeable number between Johnson and the Nets.