The Nets announced Wednesday morning that they have waived Dennis Horner, the 6'9" forward from Atlantic City who was one of their few feel-good stories this season. Shortly thereafter, they announced that they have signed small forward Larry Owens. Horner will rejoin the Springfield Armor as will Jordan Williams, who was sent down.

Owens, who has been playing for the Tulsa 66ers of the D-League, will be signed to a non-guaranteed vets minimum deal which will become guaranteed if he remains on the roster February 10. In his last D-League game Sunday, Owens, a 6'7" small forward, came within four steals of a 5x5 game. He finished with 17 points, 10 rebounds, 6 assists, 5 blocks and a steal. He is 29, making him the third oldest Net after Mehmet Okur and DeShawn Stevenson.

Williams is being sent down to get more playing time. He played in six games, scoring six points and grabbing nine boards in 37 minutes. Williams remains on the Nets' roster and salary cap. The team still has the maximum of 15 players under contract.

• New Jersey Nets Sign Larry Owens, But Release Dennis Horner - Scott Schroeder - Ridiculous Upside
• Nets sign Owens, waive Horner - Mike Mazzeo & Marc Stein - ESPN New York
• Nets send Jordan Williams to D-League; waive Dennis Horner, sign Larry Owens - Colin Stephenson - Star-Ledger
  
• Forward Larry Owens signs with Nets, waive forward Dennis Horner - AP