Shams Charania of The Athletic reported late Friday that the Nets are about to buyout Kenneth Faried who is expected to join the Rockets.
Sources: Faried plans to sign a one-year, veteran’s minimum deal with the Houston Rockets when he clears waivers from Nets buyout. https://t.co/Jcenj8C46W
— Shams Charania (@ShamsCharania) January 19, 2019
Adrian Wojnarowski said the buyout could happen as soon as Saturday.
Brooklyn’s Kenneth Faried has agreed to a contract buyout with the Brooklyn Nets, clearing the way for him to sign a free agent deal with the Houston Rockets, league sources tell ESPN. Faried expected to be waived on Saturday and clear on Monday.
— Adrian Wojnarowski (@wojespn) January 19, 2019
Woj added that the Rockets will give Faried immediate minutes, replacing the injured Clint Capela.
Faried, acquired in a salary dump last July 13, had played sparingly this season. He’s played in only 12 out of the Nets 47 points, averaging 5.1 points and 3.7 rebounds in 9.8 minutes. Twice this month, the Nets gave him extensive minutes and he came away with double-doubles.
The first indication that Faried might be leaving came earlier this week when Ian Eagle told Steve Lichtenstein of WFAN that the 6’8” Newark native was the only Nets player not “all-in.”
Once Faried is bought out, the Nets will have an open roster spot which they can use to convert one of their two-way deals to a conventional contract or leave open to give Sean Marks an open roster spot for an unbalanced trade.
Michael Scotto of The Athletic tweeted that the Nets will likely keep the spot open … for now.
The Brooklyn Nets currently plan to keep the vacant roster spot open after the buyout agreement of Kenneth Faried, The Athletic has learned. Faried is on the team flight back home after Brooklyn’s 117-115 win in Orlando as the @BrooklynNets tweeted. pic.twitter.com/rLpFfNjUz9
— Michael Scotto (@MikeAScotto) January 19, 2019
In the July trade, the Nets took on Faried’s $13.7 million expiring deal and received two draft picks, the Nuggets first rounder this June and the Nuggets second rounder next year, as compensation.