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Joe Johnson leaves Brooklyn Nets

The Brooklyn Nets agree to waive veteran guard Joe Johnson to enable him to move to a playoff contender.

The Brooklyn Nets have agreed to waive veteran guard Joe Johnson as he goes in search of a switch to a playoff contender.

The 34-year-old, who moved to New York from the Atlanta Hawks in 2012, leaves with the Nets 14th of 15th in the Eastern Conference and a dismal 15-42 for the season.

Johnson currently earns around $25m (£18m) a season but gave back around $3m in salary in order to make the deal happen in time to meet the playoff eligibility deadline.

Sean Marks, general manager of the Nets, said: "Joe has been a quality professional since joining the Nets four years ago, was a valued member of three playoff teams, and provided many thrilling moments for his teammates and Nets' fans. We wish him much success in the future."

In a post on Twitter, Johnson said: "Thank you to all of the Brooklyn and New York Fans for your support during my time with the @BrooklynNets. I want to thank the Nets organization and I wish nothing but the best to the team. I am looking forward to the next chapter of my career and am excited to bring my talents to a new team."

Among the teams thought to be interested in Johnson are Atlanta, Boston, Cleveland, Houston, Miami, Oklahoma City and Toronto.

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Today's Olympic highlights header

Monday's key events

· Jonny Brownlee will look to make the most of his brother Alistair's absence as he goes for gold in the men's triathlon (10.30pm-1am)

· Team GB get their campaign underway with two matches, against Canada and Japan (from 1.30am)

· One of Team GB's biggest gold medal hopes, Adam Peaty will take part in the 100m breaststroke final. (3.12am)
· Ariarne Titmus and Katie Ledecky go head to head for gold in the women's 400m freestyle final (3.20am)

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