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The Brooklyn Nets have waived Joe Johnson

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Nets' Johnson May Be Bought Out

Joe Johnson has been a staple of the Nets franchise since he was traded to the team on July 11, 2012. Nicknamed "Joe Jesus", Johnson has started his fourth season with the Nets. After a disappointing run with the team this season, though, there were rumors that they would get rid of the seven-time NBA All-Star.

After months of waiting, the Nets announced they have waived Johnson.

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In a statement on NBA.com, new Nets General Manager John Marks stated the following:

"The Nets want to thank Joe for his many contributions to the team and the organization. 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."

The 34-year-old was in the final year of a six-year, $123.7 million contract he signed with the Atlanta Hawks before being traded to the Nets. Joe Johnson played 288 games in Brooklyn, and was signed when they first moved to the city. He averaged 14.7 points per game.

Johnson is also fourth all-time in Nets history with 516 3-pointers. He is only averaging 11.8 points per game this season for a struggling Nets team, who have a record of 15-42.

What will Joe Johnson do now? According to CBS New York, Johnson has garnered some interest from Atlanta, Boston, Cleveland, Houston, Miami, Oklahoma City and Toronto. He could be a great role player for any team that is in the hunt for the playoffs. Deron Williams joined the Dallas Mavericks this season after receiving a buyout from the Nets, and he's having a very productive season. Maybe a change in scenery is all Joe Johnson need. For now, all he can do is wait.

See the biggest NBA contracts ever

15 PHOTOS
Most expensive NBA contracts ever
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The Brooklyn Nets have waived Joe Johnson

21. Alonzo Mourning, Miami Heat

7 years (1996-2003), $105,000,000​

(Getty)

20. Juwon Howard, Washington Bullets

7 years (1996-2003), $105,375,000

(Getty)

19. Shawn Kemp, Cleveland Cavaliers

7 years (1997-2004), $107,000,000

(Getty)

17. Chris Paul, Los Angeles Clippers

5 years (2013-2018), $107,343,478

(Getty)

T-14. LeBron James & Chris Bosh, Miami Heat

6 years (2010-2016), $109,837,500

(Getty)

T-14. Marc Gasol, Memphis Grizzlies

5 years (2015–2020), $110,000,000

(Getty)

T-10. Damian Lillard, Portland Trail Blazers

5 years (2016–2021), $120,000,000

(Getty)

T-10. Shaquille O'Neal, Los Angeles Lakers

7 years (1996–2003), $120,000,000

(Getty)

9. Tim Duncan, San Antonio Spurs

7 years (2003–2010), $122,007,704

(Getty)

8. Chris Webber, Sacramento Kings

7 years (2001–2007), $122,718,750

(Getty)

7. Joe Johnson, Atlanta Hawks

6 years (2010–2017), $123,658,089

(Getty)

6. Carmelo Anthony, New York Knicks

5 years (2014-2019), $124,064,280

(Getty)

T-4. Kevin Garnett, Minnesota Timberwolves

6 years (1999–2005), $126,000,000

(Getty)

1. Anthony Davis, New Orleans Pelicans

5 years (2016-2021), $145 million

(Getty)

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