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While reported on Monday morning that Nets Euro-stash Bojan Bogdanovic had his buyout from Turkish League/Euroleague squad Fenerbahce reduced to $570,000, a source confirmed to Monday morning that the report is inaccurate.

"Not true at all," the source said. "I have no idea where people get this from."

With that, nothing has really changed. reported on May 9, per a source, that there was a '90-95 percent chance' the 6-foot-8, 24-year-old Croatian-born swingman is in a Nets uniform next season. At that time, the source pegged Bogdanovic's buyout at 'roughly $1 million.' which was lower than the $2 million Bogdanovic himself told was his buyout back in February.

On Monday, a source reiterated the May 9 SNYNets report, calling the buyout, 'Between 1-1.5 (million). Manageable.'

Even with Bogdanovic's appearance in a Nets uniform seeming all but certain, his buyout being lowered to $570,000 would have been massive for the team and General Manager Billy King.

NBA teams are allowed to contribute up to $570,000 towards a buyout. The Nets would have paid Bogdanovic's entire buyout, which would have theoretically allowed him to sign for less than the entire mini mid-level exception of approximately $3.2 million.

Even still, the reasonable buyout price being what it is, a multi-year deal is expected to get done and Bogdanovic is expected to slide into the rotation immediately upon arrival.

Assuming a deal gets done, Bogdanovic's availability for the Nets' entrant in the Orlando Summer League from July 7-12 is up in the air. He cannot sign a contract until July 11, but there is precedent for unsigned international draft picks playing in summer leagues. For what it's worth, regular rotation players generally do not participate in NBA summer leagues.

This past season with Fenerbahce, Bogdanovic averaged 15.9 points on 48.9 percent shooting from the floor in 21 Euroleague contests. Fenerbahce advanced to the Top 16 phase of the Euroleague season, but finished 2-12 once there.

Bogdanovic was chosen with the 31st overall pick (first pick of the second round) by the Miami Heat back in 2011. His draft rights were subsequently traded to the Minnesota Timberwolves before the Nets obtained them on on draft night in 2011. The Nets got Bogdanovic in exchange for their 2013 second round pick, now known to be No. 52 overall, and cash.

Josh Newman is’s Field Reporter. Follow him on Twitter for up to the minute news and banter on all things related to the Brooklyn Nets and the NBA

Tags: Nets , Josh Newman
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