Update: The Nets have requested waivers on Jarrett Jack

Jarrett Jack shoots in front of Russell Westbrook during the second quarter. (AP Photo/Sue Ogrocki)

(AP/Sue Ogrocki)

Update: The Nets have requested waivers on Jarrett Jack as of 4PM on Thursday.

The Brooklyn Nets are shopping Jarrett Jack ahead of Thursday’s deadline and plan to waive him if they cannot move the veteran point guard, reports Adrian Wojnarowski of The Vertical.

Sean Marks and the Nets have until Thursday to accept or decline Jack’s 6.3 million team option.

Jack was moved to Brooklyn during the 2014 offseason by way of the Cavaliers along with Sergey Karasev. For Cleveland, it ultimately helped line up enough cap space to bring back LeBron James back to the championship-barren town — a move that paid off mere weeks ago. In his two seasons with the Nets, Jack was the backup to Deron Williams until the latter was bought out last June, wherein Jack was promoted to the starting position.

Of course, Jack’s 2015-2016 season ended early after he tore his ACL in Boston on January 2nd. He immediately underwent surgery and was ruled out for the remainder of the season, leaving just Shane Larkin and Donald Sloan to steer the Nets’ sinking ship. Since, Jack has been actively rehabbing and is expected to be ready for training camp next season, Wojnarowski writes.

Additionally, Wojnarowski mentioned a small caveat of Jack’s availability ahead of the deadline:

For a deal to make sense for the Nets – instead of simply absorbing the savings on the partial guarantee of Jack’s deal – another team would have to send a player that Brooklyn would find useful.

Since the Nets can simply waive Jack, there’s no reason to make a trade just to do so, which likely means convincing another franchise that an extra 6 million in cap space is worth parting with a second round pick or unused bench prospect.

During his time in Brooklyn, Jack averaged 12.2 points, 5.4 assists, and 3.4 rebounds per game on .425 percent shooting over 112 games, along with the occasional game-winning buzzer-beater.

Long live the One-Thou-Wow Shuffle.

Adrian Wojnarowski — Sources: Nets will waive or trade Jarrett Jack