The Brooklyn Nets have officially requested waivers on Jarrett Jack, making him a free agent this summer, the team announced on Thursday afternoon.
That will be $500,000 stretched out in equal portions of $166,666 over three years, If the Nets had kept Jack, they would have had to pay him $6.3 million they would have owed him had they not bought him back. The Nets had reportedly tried to trade him. The Nets had until 11:59 p.m. ET Thursday to make a decision.
Here's the release, per the Nets:
Jack saw action in 112 games over two seasons with Brooklyn, posting averages of 12.2 points, 3.4 rebounds and 5.4 assists in 29.2 minutes per game. This past season, Jack appeared in and started 32 games, averaging 12.8 points, 4.3 rebounds and 7.4 assists in 32.1 minutes per game before suffering a season-ending right knee injury on January 2. An 11-year NBA veteran, Jack has played in 803 career games with Portland, Indiana, Toronto, New Orleans, Golden State, Cleveland and Brooklyn, recording averages of 11.1 points, 2.9 rebounds and 4.5 assists in 28.1 minutes per game.
The Nets are rumored to be pursuing Jeremy Lin, Sergio Rodriguez and Rajon Rondo, among others, to play point guard for the team next season.