8:26pm: Atlanta negotiated a buyout of Williams' deal as his $762K salary for the upcoming season was guaranteed, tweets Michael Cunningham of the Atlanta Journal-Constitution. However, his $884K salary for 2013/14 was non-guaranteed.
6:38pm: The Hawks announced that they have waived forward Jordan Williams. Atlanta acquired Williams from the Nets as a part of the Joe Johnson trade earlier this summer.
The 6'10" Maryland grad saw 14.8 minutes per game for the Nets in his rookie season, averaging 4.6 PPG and 3.6 RPG. Williams was set to earn $762K this season and $884K in 2013/14.
New Jersey tabbed Williams with the 46th overall pick in the 2011 draft but the rookie was inches away from playing overseas instead. Williams agreed to a deal with Poland's Zastal Zielona Góra during the lockout but was able to get out of his commitment once the labor dispute was settled.