Posted Jun 28 2010 12:48PM
EAST RUTHERFORD, N.J. (AP) -- The New Jersey Nets have waived veteran point guard Keyon Dooling.
The Nets announced the much-anticipated move on Monday, a day before they would have been responsible for his $3.3 million contract.
By waiving Dooling, New Jersey only has to pay him the $500,000 guaranteed portion of his contract.
The roster move does not effect how much money the Nets will have to spend for free agents since their $27 million bankroll was based on calculations that Dooling would be waived.
The free agency sweepstakes starts Thursday and the Nets will be looking to woo the likes of LeBron James, Dwyane Wade and Chris Bosh to New Jersey to play for new owner Mikhail Prokhorov and new coach Avery Johnson.
In two seasons with New Jersey, Dooling averaged 8.6 points and 3.1 assists in 130 games. The former first-round pick of the Orlando Magic in 2000 has career averages of 7.2 points and 2.2 assists.
 | Hawks vs. Lakers Pau Gasol and Andrew Bynum both notch double-doubles in the Lakers' 86-78 win over the Hawks. |
 | Evans Circus Shot Tryeke Evans drives the paint, gets the circus shot to fall and gets the foul. |
 | Play of the Day Jeremy Lin nails the game winning 3-point shot with .9 seconds left and scores a game high 27 points and 11 assists. |
 | The Fan Night Zap Check out all the action from Fan Night in the NBA! |
 | Fan Night Top 10 Jeremy Lin's Game-winning 3-pointer headlines the Fan Night's Top 10 plays. |
 | Fan Night-ly Notable Jeremy Lin nails the game winning 3-point shot with .9 seconds left and scores a game high 27 points and 11 assists. |
 | Block of the Night LeBron James deflects the pass, gets the block and saves the loose ball all on the same defensive possession. |
 | Dunk of the Night Nicolas Batum drives straight down the paint and gives JaVale McGee a facial. |
 | Assist of the Night Kendrick Perkins gets fancy and gives the nice no-look behind the back assist. |
 | Steal of the Night Iman Shumpert strips the ball from Jose Calderon and takes it to the rack. |
Copyright © NBA Media Ventures, LLC. All rights reserved. No portion of NBA.com may be duplicated, redistributed or manipulated in any form. By accessing any information beyond this page, you agree to abide by the Privacy Policy / Your California Privacy Rights and Terms of Use. | Ad Choices 
NBA.com is part of Turner - SI Digital, part of the Turner Sports & Entertainment Digital Network.
