10:12pm: A source tells Alex Raskin of The Wall Street Journal that the conversations between the Nets and Hornets have ceased. Still, the door remains open for the talks to pick back up closer to the deadline, and Charlotte has spoken to Brooklyn about Stephenson at least three times, Raskin hears.
MONDAY, 4:15pm: The Johnson talks date back to the three-way negotiations Brooklyn and Charlotte had earlier this month with Oklahoma City about Lopez, and no deal is imminent, a source tells Marc Stein and Ohm Youngmisuk of ESPN.com.
SUNDAY, 7:51pm: The talks are somewhere in between exploratory and serious, according to Michael A. Scotto of Sheridan Hoops (on Twitter). The Nets could also part with a smaller piece in the deal, according to Ohm Youngmisuk of ESPNNewYork.com (on Twitter).
The two sides are discussing a larger package that would likely include guards Lance Stephenson and Gerald Henderson and forward Marvin Williams. The Nets have been linked to Stephenson in the past. A recent report indicated that they didn’t have much interest in the guard, but it would seem that they do in fact have an eye on him.
Hornets owner Michael Jordan has been intrigued with the possibility of acquiring Johnson, who has struggled recently with tendinitis. The Nets, meanwhile, would like to unload the 33-year-old’s lucrative contract. Johnson is set to make $23.1MM this season and $24.9MM in 2015/16, his walk year.
At the end of the day, the Nets wouldn’t appear to be saving a ton of money with this deal as Stephenson, Henderson, and Williams also have undesirable deals. Stephenson is making $9MM this season and $9MM in 2015/16. Henderson is earning $6MM this year with a $6MM player option for 2015/16. Williams, meanwhile, is scheduled to make $7MM in both 2014/15 and 2015/16.
The Nets revamp could also extend beyond Johnson as they explore deals for big man Brook Lopez. Wojnarowski hears that the Nuggets, who have long been connected to Lopez, remain an interested trade partner.
Johnson, 33, has been averaging 15.5 PPG, 4.6 RPG, and 3.7 APG per game. His PER of 14.3 is well below his career average of 16.1. Overall, the numbers show that he hasn’t been as efficient in his three years in black and white as he was with the Hawks.