Jack Waived By Brooklyn – June 30

ESPN’s Marc Stein reported that the Brooklyn Nets waived point guard Jarrett Jack on Thursday’s deadline. By releasing him, the Nets owe him just $500,000 and clear up some much-needed cap space.

Nets Trying To Trade Jack – June 28

Adrian Wojnarowski of The Vertical reported that the Brooklyn Nets are shopping Jarrett Jack ahead of the buyout deadline to save $6 million in cap space. If the team is unable to find a taker for Jack by this Thursday, the team plans on waiving him.

Jack appeared in just 32 games this year after tearing his ACL in January, but it’s been reported that his rehab has been going great, and he’s moving at a rapid pace, allowing him to be ready by training camp in the fall.

Before his season-ending injury, Jack was putting together a strong season as the primary point guard for an awful Nets team. With Deron Williams no longer a part of the rotation, Jack started all 32 games he appeared in after spending a majority of 2014 as the backup point guard. He set a career-high with 7.4 assists per game and averaged 12.8 points in 32 minutes per contest.

The Nets are in clear rebuild mode now that Sean Marks has taken over as GM, and holding onto an aging point guard who has some trade value doesn’t suit the rebuild. They already moved Thaddeus Young, who was their second-best player last year and obtained the rights to Isaiah Whitehead from the Utah Jazz on draft night.

Related: Nets trade Thaddeus Young to Indiana

Looking ahead, it’s unclear who the Nets’ floor general will be next year. Donald Sloan played a ton of point guard last year, but he’s a free agent; Markel Brown played a little bit, but he’s a free agent as well.

Whitehead is expected to get minutes at PG because of his passing ability, according to coach Kenny Atkinson, per Andy Vasquez. He averaged 5.1 assists a game as a sophomore at Seton Hall but was wild at times and committed an unhealthy amount of turnovers for a prospective point guard.

However, there’s always free agency. And Steve Kyler of Basketball Insiders reported that Rajon Rondo, Brandon Jennings, and the Nets all have “mutual interest.”