NEW YORK (AP) — The Brooklyn Nets have waived Joe Johnson, allowing the seven-time All-Star to leave one of the NBA’s worst teams and join a contender.

The Nets announced the move Thursday after agreeing to a buyout of the remainder of Johnson’s contract — one of the largest in the NBA. Players have to be waived by March 1 in order to sign with another team and be eligible for the playoffs.

READ MORE: Third Stimulus Check: Why Your Next Relief Payment May Not Be $1,400

Johnson will first have to clear waivers before he can pick from any potential suitors. That should be a certainty, as any team claiming him would have to pay the remainder of his $24.9 million salary that trails only Kobe Bryant this season.

READ MORE: Looking to Travel? Here are the Latest COVID-19 Travel Restrictions State by State

Johnson was acquired from Atlanta in 2012 and helped the Nets make the playoffs in their first three seasons in Brooklyn. But they are 15-42 this season.

MORE NEWS: Michigan Lawmakers raise concerns over reports of National Guard troops being served 'raw, moldy food' at US Capitol

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)