So first Portland waived Gomes instead of flipping his contract and now the Nets have done the same with Dooling.  Many at CH were critical of Kahn for not maximizing Gomes' contract on draft night, but the reality has set in:  these contracts weren't very valuable.  Portland didn't do anything with this asset and neither did NJ.  While I'd have liked to squeeze a future first rounder out of Portland in our trade, I'd rather have Webster than just waiving Gomes.

According to Chris Mannix of Sports Illustarted, the Nets have waived Keyon Dooling.

As ESPN's Chris Sheridan reported last week, "only $500,000 of Dooling's 2010-11 salary of $3.83 million is guaranteed if he is waived before July 1."

So the Nets saved about $3.3 million here.

There was talk the Heat were interested in trading Michael Beasley to the Nets for Dooling's contract in an effort for them to shed even more cap space for their quest to sign max free agents in addition to Dwyane Wade.

It was an unlikely scenario -- the Nets weren't interested -- that is now off the table completely.

Any other team looking to shed cap space -- such as the Bulls, who may still unload James Johnson to create more room -- will now be unable to do so via this route.