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Sending Joe Johnson to Cavs could save $60M for Nets

ORLANDO, Fla. — The Nets could have a potential taker for Joe Johnson’s massive expiring contract, but trading him would have its own set of costs.

According to an ESPN.com report, the Cavaliers are considering trading for Johnson and his $24.8 million contract for this season, using Brendan Haywood’s non-guaranteed contract — worth $10.5 million — as the main bargaining chip, though they would also need to include the contract of center Anderson Varejao to make the money work under salary-cap rules.

The reasoning behind such a deal would be simple: It would save the Nets gobs of money.