As expected, the Nets waived second year power forward Cory Jefferson on Monday. The Nets would have had to pay Jefferson, 25, $150,000 on Wednesday, part of his partially guaranteed deal signed last summer.
Tim Bontemps broke the news...
The Nets have waived Cory Jefferson, per league sources.— Tim Bontemps (@TimBontemps) July 13, 2015
Jefferson had to be waived today in order to avoid the Nets paying him the guaranteed money he was going to be owed Wednesday.— Tim Bontemps (@TimBontemps) July 13, 2015
Jefferson, a 6'9" power forward, played 50 games for the Nets, starting one. He averaged 3.7 points and 2.9 rebounds in 10.6 minutes.
The Nets have in the last two weeks signed Thomas Robinson and Willie Reed and have agreed to a deal with Andrea Bargnani, all power forwards. When Jefferson clears waivers, the Nets will have 17 players under contract, 13 fully guaranteed.