Report: Jordan Farmar to be bought out by Atlanta Hawks, sign in Europe

The Atlanta Hawks will buy out the contract of Jordan Farmar, who will then go play in Europe. (Nathaniel S. Butler/Getty Images)

Point guard Jordan Farmar, who the Brooklyn Nets last week agreed to send to the Atlanta Hawks as part of their deal for Joe Johnson, will sign with a European club after being bought out by Atlanta, reports The Star-Ledger's Colin Stephenson.

Farmar exercised his $4.25 million option to stay with the Nets two days before being dealt to Atlanta, Stephenson reports. After the trade was announced, Farmar asked to be bought out, and the Hawks agreed. Farmar will receive $1.5 million in the buyout.

The 25-year-old will then sign a three-year contract believed to worth $10.5 million with Anadolu Efes, an Istanbul-based team, Stephenson reports. Farmar has some experience playing overseas: He played in Israel during the NBA lockout.