Nets Release Keyon Dooling

The New Jersey Nets have increased their salary cap space by unloading the $3.3-million they would have owed backup point guard Keyon Dooling next season. The move had been expected as the Nets are looking to have as much salary cap space as they can have to enable them to go after high-profile free agents starting on Thursday.

With Dooling out of the picture, the Nets can now spend as much as $27 million on the free agent market, which could include the likes of LeBron James of the Cleveland Cavaliers and Amare Stoudemire of the Phoenix Suns. The Nets would only need to pay Dooling $500,000, which is guaranteed under his contract, before parting ways.

The move is the latest for the Nets, who are trying to rebuild their team following a disastrous season where they finished with the league’s worst record and flirted with the NBA record for futility. The Nets hired Avery Johnson as their coach earlier this year following the entry of Russian billionaire Mikhail Prokhookrov as the team’s new owner.

Dooling was drafted tenth overall by the Orlando Magic in 2000, but was immediately traded to the Los Angeles Clippers. He played for the Clippers until 2004 before moving to the Miami Heat for one year. He was reunited with the Magic in 2005 and played for Orlando until 2008, when he was traded to the Nets. Dooling, out of University of Missouri, has career averages of 7.2 points, 2.2 assists, and 1.4 rebounds in ten seasons.