Shams Charania of RealGM reported on August 3 that the Nets would waive Earl Clark. One week later, the team finally made it official. The Nets are now back at 17 players after the addition of Donald Sloan and the subtraction of Clark. Of the 17, 12 players have fully guaranteed contracts.
Clark played poorly with the Nets during the last four months of the season and playoffs. He played in the Orlando Summer League this July but didn't impress. In 10 games with the team, he averaged 2.7 points and 2.3 rebounds in 9.3 minutes per game. Initially signed to a 10-day deal on March 27, Clark ended up signing a multi-year deal on April 6.
As NetsDaily first reported, Clark wanted the Nets to waive him so he can move on, perhaps overseas. Clark would have earned $1.185 million this year if he had made the team.
By cutting Clark, the Nets are about $1 million below the luxury tax threshold, depending on how Sloan's contract is structured.