Veteran point guard Jarrett Jack has been waived by the Atlanta Hawks on Thursday, according to a report by Chris Vivlamore of the Atlanta Journal-Constitution.

Jack agreed to a one-year, $980,431 contract, which is the veterans' minimum, this summer after the Brooklyn Nets waived him and his $6.3 million contract in June; making him an unrestricted free agent. His guaranteed salary will count against the Hawks' cap.

The release of the 6-foot-3 point guard reduced Atlanta's training camp roster to 17 players, two away from the mandated 15-man limit.

Jack suffered torn right knee ligaments last season as a member of the Nets and has been rehabbing during training camp, but has been unable to practice and has missed all seven of the team's preseason games.

Hawks head coach Mike Budenholzer assured that Jack would not be ready for the start of the regular season. He's yet to take part in the contact portion of practice. Jack said last week that he was nearing a return to such workouts.

“We are actively progressing,” Jack told Vivlamore of his rehabilitation. “I can tell you my knee feels 100 times better this month than it did last month. Coach and (the staff) are on me about rushing to get back. They tell me to take my time. They'd rather have me for the longer stretch of the season than just this early part. I'm going to take it day by day. Patience isn't something I was blessed with so I'm going to do my best until the time is right to step back on the court.”

Jarrett Jack played for seven teams during his 11-year career — Portland, Indiana, Toronto, New Orleans, Golden State, Cleveland, and Brooklyn after being selected 22nd overall in the 2005 NBA draft.

He averaged 11.1 points, 4.5 assists, and 2.9 rebounds in 28.1 minutes over 803 career games. If he can show that he's over the rehab part of his recovery, it won't be long before another team comes calling.