Report: Nets to release Greivis Vasquez who needs ankle surgery, sign Yogi Ferrell

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Last season, Greivis Vasquez missed 58 games with an ankle injury for Milwaukee, and when he did play his shooting (24.7 percent from three) and efficiency (PER of 7.4) were career lows. The Bucks let him walk, and Nets snapped him up on a very affordable $4.3 million contract hoping he could be a solid backup to Jeremy Lin.

Except that Lin is out with a groin injury (likely for another week at least, maybe a few) and Vasquez can’t play. His ankle never got right, he has played just 39 minutes all season, and Vasquez needs another ankle surgery.

Which has prompted Brooklyn to release him, reports Adrian Wojnarowski at The Vertical at Yahoo Sports, and reach into their waived guys from training camp to find a replacement.

After releasing veteran guard Greivis Vasquez, who needs ankle surgery, the Brooklyn Nets are signing undrafted rookie Yogi Ferrell, league sources told The Vertical. Vasquez signed a free-agent deal with Brooklyn in July, but a recurring injury to his right ankle will necessitate surgery and he’s expected to miss extended time in rehabilitation….

Ferrell signed a partially guaranteed deal with the Nets after going undrafted out of the University of Indiana. He was one of Brooklyn’s final training-camp cuts and had been preparing to play for the Nets’ new NBA Development League affiliate in New York.

Ferrell likely will get minutes from the start, and that start is against Derrick Rose and the cross-town rival Nets on Wednesday. Welcome to the NBA Ferrell, go slow down a former MVP.