Nets, Hawks Finalize Joe Johnson Deal

July 11 2012 at 5:03pm CDT By Chuck Myron

JULY 11, 5:03pm: The deal is now official, according to a press release by the Nets.

JULY 11, 4:40pm: Nets GM Billy King posted "Welcome Joe Johnson" on his Twitter account, presumably meaning the trade has been finalized.

JULY 2, 4:51pm: DeShawn Stevenson's sign-and-trade deal that puts him on the Hawks is for three years and $6.9MM, but only the first year, at $2.3MM, is guaranteed, Chad Ford of ESPN.com reports via Twitter

4:39pm: Wojnarowski now says the deal likely happens regardless of where Deron Williams signs (Twitter link).

4:18pm: The Nets and Hawks have agreed to terms on a trade that would send Joe Johnson to Brooklyn, tweets Chris Broussard of ESPN.com, who says the deal is contingent on Deron Williams agreeing to return to the Nets. However, David Aldridge of TNT says the Nets would agree to the deal regardless of Williams' status (Twitter link). Broussard adds that the deal would put the Nets out of the running of Dwight Howard, as it wouldn't leave enough cap room.

Adrian Wojnarowski of Yahoo! Sports tweets that the deal  would send Jordan Williams, Johan Petro, Jordan Farmar, and Anthony Morrow to Atlanta, along with DeShawn Stevenson in a sign-and-trade, with Johnson heading to Brooklyn. David Aldridge of TNT adds that the Hawks would also get a 2013 first-round pick the Nets acquired from the Rockets (Twitter link). That pick is lottery protected through 2016, and would become a second round pick and cash in 2017, according to Ken Berger of CBSSports.com (Twitter link).

While this may take the Nets out of the equation for D12, Josh Robbins of the Orlando Sentinel notes that it would put Josh Smith and Morrow, two of Howard's best friends, on the same team (Twitter link). As for Deron Williams, the Nets are meeting with him right now, Broussard tweets, and informing him of the trade. Stefan Bondy says the deal would put the Nets in a better position to win now and in the future than the Mavericks, a point the Nets are surely stressing in the meeting (Sulia link).

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11 thoughts on “Nets, Hawks Finalize Joe Johnson Deal

  1. I wonder if this trade will re-open hawks/lakers trade with new acquired pieces. Can these new acquired players be flipped into another deal so soon?

  2. Nj gets an allstar for garbage? How can ppl complain! He’s overplayed but a lineup of Williams, Johnson, Green, Wallace and Lopez with brooks on the bench is really solid and wayy better than what they have now

    1. I know i completly agree. Johnson >> Morrow. Farmar is a decent backup and others are crap. Plus it helps get deron williams and the first rounder is protected

    2. Because they are going to have close to 50 million tied up in 3 players assuming Williams resigns. Add Lopez to this and they will be around 60 million for 4 players it’s not good and the CBA really punnishea repeat tax offenders which they are gearing up to be and it takes them out of Dwight for this season and they might not be able to afford him next season.

  3. Amazing move for Danny Ferry! Holy Moly! Count the Nets out on DHoward now. DWill must be going to the Mavs.

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