Found July 02, 2012 on Los That Sports Blog:

Via Los That Sports Blog:

The Brooklyn Nets have made the first big move of the offseason — and perhaps the first of several for them — by reaching a deal to acquire All-Star guard Joe Johnson from the Atlanta Hawks for Jordan Farmar, Johan Petro, Anthony Morrow, Jordan Williams and DeShawn Stevenson (via sign and trade), according to multiple reports.

All players that the Nets would be sending to the Hawks, with the exception of Stevenson, have expiring contracts equaling a total of approximately $12.5 million. The Nets also would send a 2013 first-round draft pick they acquired from the Rockets to Atlanta.

Johnson was traded to the Hawks by the Suns via sign and trade in 2005, and re-signed with the Hawks for six years and $123.7 million in 2010. Despite lofty expectations due to his enormous contract, Johnson has averaged 20.9 points, 5.2 assists and 4.2 rebounds in seven seasons with Atlanta.

The deal, which doesn't become official until July 11, would give the Nets 1) a face of the franchise in their inaugural move to Brooklyn if All-Star guard Deron Williams chooses not to return, and 2) a backcourt scorer to pair with Williams if he decides to remain with the Nets.

The trade helps the Hawks free up cap space for the present as well as the future. The Hawks had only six players under contract for next season and the remaining four years and $89.2 million left on Johnson’s deal limited the team’s flexibility to fill its roster effectively.

Conversely, the trade all but eliminates the Nets from the Dwight Howard sweepstakes. If Williams does re-sign, Brooklyn will not have the cap space for another max contract, which leaves the Lakers and the Mavs as the most likely destinations for the disgruntled Magic big man. 

 

 

Also from Los That Sports Blog

Video: Packers player pushes man in lake during charity event

LeBron recruiting rival via Twitter?

NFL defensive back busted for DUI

THE BACKYARD
BEST OF MAXIM
RELATED ARTICLES

Grading the Deal: Nets acquire Joe Johnson

Does it feel like July 2nd to you with all these deals happening within the first couple of days?  We aren’t talking free agent signings but teams with new General Managers making moves to position themselves for the future.  This trade highlights two organizations positioning themselves for the future in different ways.  First, let’s take a look at the...

Reports: Joe Johnson headed to Nets

Multiple media outlets are reporting the Hawks and Nets have agreed to a trade that would send All-Star guard Joe Johnson from Atlanta to Brooklyn. ESPN was first to report the teams had agreed to the deal. All the reports cited unidentified sources. The Nets would send guards Anthony Morrow, Jordan Farmar and DeShawn Stevenson and forwards Jordan Williams and Johan Petro to the...

Breaking: Nets and Hawks Agree to Trade For Joe Johnson

Photo Credit: Keith Allison, flickr.com A deal that has been rumored for a while is apparently all but done, and it looks like the Brooklyn Nets are set to acquire Joe Johnson from the Atlanta Hawks. Basically, the Nets have traded every expiring contract they own to acquire Johnson, most notably shooter Anthony Morrow and backup point guard Jordan Farmar. Johnson, who is owed almost...

All-Star Joe Johnson traded to Brooklyn Nets

The Brooklyn Nets have agreed to a trade that would land them All-Star Joe Johnson of the Atlanta Hawks. The Nets would send a future 2013 first-round draft pick and several players with expiring contracts to Atlanta as part of the deal.  New Hawks GM, Danny Ferry, wanted to get rid of the $126 million contract of Johnson that he signed in the summer of 2010 that had...

Nets acquire Joe Johnson with trade with Atlanta

The Brooklyn Nets have acquired forward Joe Johnson in a trade with the Atlanta Hawks in exchange for five players and a draft pick, multiple media outlets reported Monday. The Hawks get Jordan Farmar, Anthony Morrow, Jordan Williams and Johan Petro. They also will get DeShawn Stevenson in a sign-and-trade arrangement and will get the Nets' 2013 lottery-protected pick. ...

Johnson To Nets Trade Talks In Jeopardy

The current deal has Brooklyn sending the expiring contracts of Jordan Farmar, Johan Petro, Anthony Morrow and Jordan Williams to the Hawks in exchange for Joe Johnson.

Atlanta Celebrates it's Independence from Joe Johnson Day

       "Soooooo, you want me to make it look like I'm pooping a basketball??" I was hoping to catch up with the HarBRAH's this week but it appears that they are frat boying it up at mommy and daddy's cabin on some uppity lake in Michigan that only snob **** rich dicks have access to.  Just know that you should refrain from eating a hot dog near the...

The Hawks cut ties with Joe Johnson and Marvin Williams

ATLANTA — Once again the Hawks are tearing things down to rebuild the franchise. On Monday new DM Danny Ferry jettisoned Joe Johnson’s hefty contract to Brooklyn in exchange for Jordan Farmar, Anthony Morrow, Johan Petro, DeShawn Stevenson and Jordan Williams from the Nets. Atlanta also will receive a 2013 first-round draft pick that is lottery-protected through 2016.

Reports: Hawks trade Johnson, Williams

In what will go down as a historic day in franchise history, new Atlanta Hawks general manager Danny Ferry, celebrating one week on the job, drastically re-made the team's roster. According to multiple reports, Ferry shipped out leading scorer and six-time All-Star Joe Johnson, who has the second-most dollars remaining on his contract of any player in the league at 90 million...

Danny Ferry is a Jedi, gets Nets to take Johnson's contract

Danny Ferry did it.  He got Billy King to take Joe Johnson's contract.  The trade sends guards Anthony Morrow, Jordan Farmar and DeShawn Stevenson and forwards Jordan Williams and Johan Petro to the Hawks, along with a lottery-protected 2013 first-round pick the Nets acquired from the Houston Rockets. Stevenson is a free agent, so he will go to the Hawks in a sign-and-trade...
NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.