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It looks like the Nets are ready to start revamping with a clean slate.

After the dismissal of former head coach Lionel Hollins and former general manager Billy King, the Nets have decided to let go their superstar veteran guard, Joe Johnson.

Johnson, a 7-time NBA All-Star, was waived by the Brooklyn Nets this afternoon. According to sources, Johnson was sold on the idea of being traded or acquired by a playoff-contending team. The 34-year-old Little Rock native was bought out of his remaining $24.9 million dollar contract agreement which, after this season, will make him a free agent. Back in 2010, Johnson and the Hawks agreed to a 6-year, $124 million dollar deal, the largest contract in the league at the time. However, when Joe was acquired by Brooklyn, they agreed that the Nets would only take over the 4-years, $89.3 million dollars that was left in the deal, which helped lead to the acquisition of Kevin Garnett and Paul Pierce.


Johnson is currently averaging just over 12 points per game, while shooting 40% from the field. Playoff-contending teams such as Atlanta, Boston, Cleveland, Houston, Miami, Oklahoma City and Toronto might be willing to cough up some cash for his veteran services to make an even stronger push towards a Finals run.