Johnson and the Nets have opened buyout negotiations, Marc Stein of ESPN.com reports.

The 34-year-old is in the final year of his massive, six-year, $123.7 million contract, and with the Nets spiraling toward the high-lottery, Johnson will look to jump ship and presumably sign with a contender. Assuming negotiations progress before the March 1 deadline, Johnson would be eligible to play in the postseason, and the likes of Atlanta, Boston, Cleveland, Houston, Miami, Oklahoma City and Toronto are all reported to be interested.

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