Jordan Farmar to be bought out; will play in Europe

Jordan Farmar is okay with it. The former Nets backup point guard, traded to Atlanta Tuesday as part of the package the Nets used to acquire all-star guard Joe Johnson, will be bought out by the Hawks today for $1.5 million. And once he clears waivers and is officially a free agent, Farmar, who played in Israel last summer during the NBA lockout, intends to go play in Europe, with Anadolu Efes, of Istanbul.

Farmar had the option of becoming a free agent this summer or exercise his player option to play for the Nets one more year, at $4.25 million. Farmar decided on June 30 — the day he had to make the decision and hours before free agency began — to pick the option up. But two days later, he was included in the trade to Atlanta, along with Anthony Morrow, Johan Petro and Jordan Williams. With a three-year offer from Efes on the table, Farmar asked to be bought out, and the Hawks were willing to accommodate him.

– Reported by Colin Stephenson of theĀ Newark Star-Ledger