Pro Basketball News

Nets, G Alston reach buyout agreement (AP) (sports.yahoo.com)

The New Jersey Nets have reached a buyout agreement with Rafer Alston and waived the 33-year-old guard. Alston was in the final year of a contract that was to pay him $5.2 million this season. The two sides did not disclose the buyout payment. Alston averaged 9.7 points and 3.9 assists in 27 games, including 13 starts.