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Hassan Adams Waived in Cost-Cutting Move

In a bid to save money on the NBA luxury tax, the Nets waived Hassan Adams Saturday. As first reported by The Record, Adams' salary ($687,500) would have become guaranteed Sunday. A NetsDaily analysis of the team's payroll shows the Nets were $404,000 above the luxury tax threshold before losing Adams' salary. The Nets are still expected to sign a backup point guard. The move comes as a surprise. The popular Arizona product was featured on the team website this week.