NBA Rumors: Atlanta Hawks to Buy Out Jordan Farmar

Fomer Nets guard Jordan Former is expected to be bought out of his contract by the Atlanta Hawks after being acquired in a blockbuster trade with Brooklyn last week (Photo Credit: Saed Hindash/The Star-Ledger)

The Atlanta Hawks are expected to buy out the contract of newly acquired guard Jordan Farmar for a reported $1.5 million once all NBA trades become official July 11.

The Brooklyn Nets shipped Farmar to Atlanta after the teams agreed upon a blockbuster trade that sent Hawks superstar Joe Johnson, and his 4yr/$90M contract, to Brooklyn for the expiring contracts of four players (Farmar, Anothny Morrow, Johan Petro, Jordan Williams), a sign-and-trade deal for DeShawn Steveson and a lottery-protected first round pick in the 2013-2014 NBA draft.

Farmar picked up his player option to stay with the Nets a week ago and was due to make $4.25M with the team, but after being traded to the Hawks (and being slotted as a third-stringer), he agreed to a buyout settlement with Atlanta for the reduced price of $1.5 million.

Farmar will become an unrestricted free agent when the buyout becomes official Wednesday.

Topics: Atlanta Hawks, Brooklyn Nets

Want more from Soaring Down South?  
Subscribe to FanSided Daily for your morning fix. Enter your email and stay in the know.

TEAMFeed More Hawks news from the Fansided Network

Hot on the Web From