Nets to sign Yogi Ferrell after releasing Greivis Vasquez

Greivis Vasquez played three games for the Nets. (Getty Images)

After releasing veteran guard Greivis Vasquez, who needs ankle surgery, the Brooklyn Nets are signing undrafted rookie Yogi Ferrell, league sources told The Vertical.

Vasquez signed a free-agent deal with Brooklyn in July, but a recurring injury to his right ankle will necessitate surgery and he’s expected to miss extended time in rehabilitation. Vasquez’s season was cut short a year ago after 23 games in Milwaukee when he underwent surgery on the same ankle to remove a bone spur.

The release of Vasquez, who played three games for Brooklyn, will cost the Nets his $4.3 million salary for the season.

The Nets were already down starting point guard Jeremy Lin, who could miss two-to-three additional weeks with a groin injury.

Ferrell signed a partially guaranteed deal with the Nets after going undrafted out of Indiana University. He was one of Brooklyn’s final training-camp cuts and had been preparing to play for the Nets’ new NBA Development League affiliate in New York.

Ferrell is expected to be prepared to play against the New York Knicks on Wednesday night at Madison Square Garden.

Vasquez, 29, has played seven NBA seasons, including stops with Memphis, New Orleans, Sacramento, Toronto and Milwaukee.