The Nets may waive Padgett before June 30th and have to pay him just $400,000 of his $1.8 million salary for next season.
Jeff McInnis, who likely will keep his option of $3.6 million for next season, is expected to be either bought out, waived or traded.
Jacque Vaughn, who could be re-signed, and Lamond Murray are free agents.