THURSDAY, 2:58pm: Farmar has officially signed his three-year deal with Anadolu Efes, according to Emiliano Carchia of Sportando (via Twitter). Presumably, of course, this means Farmar has been officially bought out by the Hawks as well.
WEDNESDAY, 7:26am: With the moratorium lifted, the blockbuster trade that will send Joe Johnson to the Nets can officially be finalized as soon as today. At that point, Jordan Farmar, who is headed to the Hawks in the deal, will be bought out for $1.5MM by Atlanta. And according to Colin Stephenson of the Newark Star-Ledger, Farmar already has his next contract lined up — he'll sign with Turkey's Anadolu Efes and play overseas.
According to Stephenson, Farmar's offer from Anadolu Efes is for three years and $10.5MM. The deal will give Farmar a chance to rejoin former teammate Sasha Vujacic, and will mean he's just two hours from Tel Aviv, where he played last summer and has family living.
Farmar, who tells Stephenson that the opportunity is "great" for him, set career-highs last season in PPG (10.4), PER (17.4), and shooting percentage (.467/.440/.905), but was limited to just 21.3 minutes per game for the Nets. Earlier in the offseason, we heard that the 25-year-old wasn't all that happy with his role and hoped to start somewhere, which you have to assume he'll do in Istanbul.