After not finding trade partner, Nets place Jarrett Jack on waivers

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The Nets shopped around the idea that another team could save just shy of $6 million in cap space by trading for then waiving Jarrett Jack, but there have been no takers.

So the Nets will save that money themselves — they have waived Jack, the team announced.

The Nets are now on the hook for Jack’s $500,000 buyout, unless a team snaps him up off waivers. This will give the Nets a little more money to spend in free agency.

And it is possible a team just picks him up off waivers (taking on his $6.3 million contract for next season). Jack is a solid backup point who can get a team some buckets, he averaged 12.8 points and 7.4 assists per game last season.

There are two issues: He’s coming off ACL surgery, and he turns 33 right as next season starts.

He’s going to get picked up as a backup point guard, but more likely teams will wait to see how the market shakes out then try to get him on an even more favorable deal (for them).