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Nets Waive Jarrett Jack

Apparently unable to find a suitable trade involving Jarrett Jack, the Nets have requested waivers on the veteran point guard, according to a press release from the team. Adrian Wojnarowski of The Vertical had reported earlier in the week that the Nets would cut Jack before his salary for 2016/17 became guaranteed if they weren’t able to trade him.

Jack had been owed a $6.3MM salary for the coming season, but only $500K of that figure was guaranteed. The rest would have become guaranteed if the 32-year-old had remained on Brooklyn’s roster beyond today.

The Nets will save $5.8MM with the move, and will free up a little extra cap space by stretching Jack’s partially-guaranteed salary out over the next three seasons, per Brian Lewis of The New York Post (Twitter link). Jack will now count against the team’s cap for about $167K per year for the next three seasons, rather than $500K in 2016/17.

Of course, if Jack is claimed off waivers by another team, that club will take on the full amount of the contract, wiping that leftover $500K from Brooklyn’s cap. And given what we know about free agent costs this offseason, it certainly wouldn’t be a surprise to see a team put in a claim on Jack and his relatively affordable one-year contract.

As the Nets’ depth chart at RosterResource.com shows, Jack had been the only real point guard left on the roster in Brooklyn, with Shane Larkin and Donald Sloan eligible for free agency. Needless to say, the Nets will be in the market for point guard help during the next week, as they head into July armed with more than enough room for a max free agent or two.

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10 thoughts on “Nets Waive Jarrett Jack

  1. Andrew

    Once he clears waivers welcome to the Cleveland Cavaliers.

    • Pihc123

      I don’t think the Cavs have enough cap space to land him

      • Not on a big deal, but they can offer the veteran’s minimum. But with Mo Williams on the roster and Dellavadova (if he goes back) and Kay Felder, they don’t necessarily need another point guard at this time.

        • bsteady powers

          Jack would be an upgrade to all of those. Della has been very good for them. It’s time for him to go grab a few million for someone else

          • He would be, but with their limited spending and depth at the position, they shouldn’t be worried about him (at this time and with bigger needs, wing depth and a rim protector) unless he’s willing to sign for close to the minimum.

    • bsteady powers

      Thank you! A darn good backup PG, veteran too

  2. Mike N

    Sixers should grab him. Might be a nice stop gap for a year until better free agent point guards in next years free agency class. And at 6.5 he’s more than reasonable with todays salary cap. He can help stretch the floor for Ben Simmons and co.

    • Agreed, Sixers should be in on him. Really no reason not to be in on him unless his asking price is crazy.

  3. Knox Christopher

    Hawks will try to grab him. Only makes sense to try. I think we could get him at a good price. Let bazemore go. Resign Horford to play the 4 and sign Howard to play Center

  4. bsteady powers

    Where’s the dude that wants the Wizards to sign EVERYBODY?!?

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