Brooklyn Nets Reportedly Interested in Trading Jason Terry for Jarrett Jack

According to ESPNNewYork.com's Ohm Youngmisuk, the Brooklyn Nets are interested in trading for Cleveland Cavaliers point guard Jarrett Jack and could send struggling veteran Jason Terry over in the potential swap.

Update: By Ethan Norof at 5:05 P.M. ET

According to Adrian Wojnarowski of Yahoo Sports, a deal between the two clubs is unlikely due to the length of Jack's contract.

--End of update--

The 30-year-old Jack hasn’t played nearly as well in Cleveland as he did for the Golden State Warriors a year ago. After signing a four-year, $25 million contract with the Cavs during the 2013 offseason, his numbers have declined across the board in 2013-14.

2012-13 (with Warriors):	45.2% FG	40.4% 3P	12.9 PPG	5.6 APG	3.1 RPG
2013-14 (with Cavaliers):	39.7% FG	37.3% 3P	8.5 PPG	3.7 APG	2.6 APG

The current average of 8.5 points per game is Jack’s lowest since his rookie year with the Portland Trail Blazers (2005-06) when he notched 6.7 points per contest.

He hasn’t been comfortable in a backcourt that already features the dueling-banjos tandem of Kyrie Irving and Dion Waiters, and his assists-per-game numbers have dropped significantly—down to 3.7 from 5.6 a year ago.

Terry, meanwhile, has been even more ineffective since joining Brooklyn by way of the blockbuster trade with the Boston Celtics that also netted the Nets Paul Pierce and Kevin Garnett.

Brad Penner-USA TODAY Sports

“Jet” is averaging 4.5 points and 1.6 assists per game while shooting 36.2 percent from the floor. He’s shooting a respectable 37.9 percent from beyond the arc in 2013-14, but that has done little to ease his Swiss-cheese defense.

NBA.com indicates that Terry’s defensive rating (team points allowed per 100 possessions with him on the floor) is a heinous 108.4.

For the Cavaliers, this proposed trade would get them out from under Jack’s contract, which is set to pay him $6.3 million in 2013-14, 2014-15 and 2015-16 before an additional unguaranteed $6.3 million in 2016-17.

Terry, meanwhile, is only under contract through the 2014-15 season, when he’ll make approximately $5.8 million.

Brooklyn would add a veteran guard to a rotation that already sports Deron Williams, Shaun Livingston and All-Star Joe Johnson. If Jack can revive his career under first-year head coach Jason Kidd, then the Nets could climb to a No. 4-6 seed in the East by the time the playoffs start.

Cleveland would set itself up for 2015's free agency by adding the 36-year-old Terry because his contract will come off the books that summer.

This deal makes sense for both sides involved, but the Cavaliers haven’t been eliminated from playoff contention yet. They sit just three games behind the No. 8 Charlotte Bobcats and five games back of the Nets.

If the Cavs think they can’t compete for a postseason berth, then ditching Jack’s contract for Terry's is a good move. It saves money in the short and long term, but Terry’s best years are clearly behind him.

The Nets would take on even more salary by adding Jack, but if Mikhail Prokhorov has proven anything during his short stint as owner, it’s that money is no object.

In fact, sources told ESPN.com's Ohm Youngmisuk and Marc Stein that the Nets "are willing to take on the two remaining guaranteed seasons worth in excess of $12 million left on Jack's contract despite the luxury-tax implications."

At the end of the day, perhaps both of these players simply need a change of scenery to get back on track. Although that's a possibility, Jack's ugly contract and Terry's poor play seem to be the key factors leading trade talks for each side.

Salary information courtesy of ShamSports.com.