Vasquez (ankle) has been released by the Nets, Adrian Wojnarowski of The Vertical reports.

EDGE Analysis

Vasquez has been held out of the last four games with an ankle injury, and it's now come to the light that the 29-year-old will require surgery. It's the same ankle that also required a procedure last December, ultimately limiting him to just 23 games as a member of the Bucks. With his long-term future clouded, the Nets will part ways with Vasquez and will replace him with rookie Yogi Ferrell. "Greivis did everything we asked of him and more to try to get back on the court at full strength," said Nets General Manager Sean Marks. "The passion, grit and perseverance he has shown since he joined the team have been remarkable. We are thankful to Greivis for all of his efforts and wish him well in the future."