Nets cut Alston; acquire Quinn
Written by NYSports   
Thursday, 07 January 2010 15:03

The Nets bought out veteran point guard Rafer Alston, who is expected to sign with the Heat when he clears waivers.

In a separate move, the Nets acquired point guard Chris Quinn, a 2012 second-round pick and cash from Miami for a conditional 2010 second-round pick, protected through 50.

Since the Nets will finish with one of the worst records, their second-round pick will be in the 30s so they will retain their pick. They will have to give Miami a trade exception for Quinn's contract, though.

These moves save the Nets roughly $1 million — Alston will receive $4.2 million of the $5.25 million his salary calls for this season — and get them an additional draft pick. They will receive about $640,000 from Miami to cover Quinn's salary for the rest of this season.

Alston, acquired from Orlando in the Vince Carter deal, had been benched the prior two games and has seen his playing time dramatically cut since Keyon Dooling returned from hip surgery.

 

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Last Updated on Monday, 18 January 2010 20:50
 

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