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Nets Waive Stephen Graham

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The Nets announced Thursday morning that they have waived Stephen Graham, reducing their roster to 14 players. (DeShawn Stevenson would make it 15 again.) The Nets needed to waive Graham Thursday, so that he could clear waivers before his $1.1 million contract became guaranteed.

Graham was the first player off the bench in Wednesday's loss to the Knicks. He started 28 games for the Nets last season.