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Jarrett Jack has been diagnosed with a torn anterior cruciate ligament (ACL) and small medial meniscus tear in his right knee.  The injury occurred during the second half of the Nets’ game at Boston on Saturday, the Nets announced Sunday.  Jack will miss the remainder of the season and will undergo surgery on a date that has yet to be determined.

Jack has played and started in 32 games for Brooklyn this season, posting averages of 12.8 points, 4.3 rebounds and a team-high 7.4 assists per game. Jack said on Instagram after the game that the injury was the "worst pain I've ever felt in my life."

The 32-year-old Jack is making $6.3 million this season and has a $500,000 guarantee for next season.  It's entirely possible that he has played his final game as a Net.

The Nets are now left with two point guards, Shane Larkin and Donald Sloan, whose contract is not yet fully guaranteed.  The Nets can apply to the league for a disabled player exception (DPE) worth $3.15 million. It allows a team to replace a player who is out for the season with a free agent or use it in a trade. But there are restrictions. For example, the Nets could only trade for a player in the final year of his contract. In addition, they would have to waive someone if they wanted to use it on a free agent. Finally, the Nets are only $1.4 million under the luxury tax threshold. If they want to stay under the threshold, and they do, using the DPE would almost certainly require multiple transactions.

The Nets have until January 15 to apply for the DPE and until March 10 to use it. It could come in handy at the trade deadline on February 18.

As Bobby Marks tweets...