Multiple reports last Friday surfaced suggesting that the Nets had reached an agreement to bring 2011 second-round pick Bojan Bogdanovic stateside, but it now appears that won't be happening. NetsDaily.com reported (via Twitter) that the team is "moving on without Bojan," while Howard Beck of the New York Times hears from a source that Bogdanovic is "not coming" (Twitter link).
As Beck notes, the Nets will retain Bogdanovic's rights and could attempt to bring him over again next summer. In the interim, GM Billy King indicated earlier today that Brooklyn has a Plan B. As he expressed some concern about bringing Bogdanovic over, King suggested there's another player who would be worth the mini MLE, though he didn't name the player (Twitter links via Stefan Bondy of the New York Daily News).
Based on those early reports on Bogdanovic's agreement with the team and King's comments today, it appears the two sides had agreed to terms on a contract, but were unable to finalize a buyout with Bogdanovic's team overseas. Beck confirms (via Twitter) that the buyout was the sticking point.