The deal is contingent on Deron Williams agreeing to stay with the Nets.
The Nets, in addition to Johnson, retain full $5 million mid-level exception (to sign Bosnian forward Mirza Teletovic) and $1.95 million bi-annual exception to keep adding to their roster.
The Nets had been involved in discussions to acquire disgruntled center Dwight Howard from the Orlando Magic but sources told ESPN The Magazine’s Chris Broussard that the Magic front office “didn’t want to dance” with the Nets.
Though Howard said Brooklyn is the only team that, were he to be traded there, he would sign an extension. The Nets were amenable to that earlier this year, before Howard elected to waive his opt-out clause with Orlando.
“Dwight blew it in March,” a source told Broussard.
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