The Rafer Alston buyout is done and the Nets are finalizing their deal with the Heat to acquire point guard Chris Quinn. Alston, basically, agreed to knock $1 million off the $3.107 million he had remaining on his $5.25 million salary. Once he clears waivers, then he’ll join Miami.
The Heat, meanwhile, are sending the fourth-year PG Quinn – picking up the remainder of his $1.05 million salary in this his final contract year, about $640,000 – and a 2012 second rounder to the Nets.