The No. 1 pick in the 2016 draft was not with the Nets for their victory over the Miami Heat on Friday night as the sides worked on completing the deal. In a related move, the Nets converted the contract of former William Allen standout Tyrese Martin to a multi-year contract from a two-way contract.

Bojan Bogdanović will reportedly undergo foot surgery and miss the remainder of the season, according to Shams Charania of ESPN. Charania added that Bogdanović will be waived to free up a roster spot to sign Killian Hayes to a 10-day contract and convert two-way guard Tyrese Martin to a standard NBA deal.

In the NBA, local products Tyrese Martin and Lonnie Walker shared the court on Saturday in South Philly. Martin, the William Allen product, with the Nets and former Reading star Walker with the Sixers.

The Nets are waiving veteran forward Bojan Bogdanovic, sources said, freeing up two open roster spots to sign Hayes and two-way guard Tyrese Martin to a standard NBA contract.

Martin will have his two-way deal converted to a standard contract ahead of Thursday's game against the Cavaliers, Erik Slater of ClutchPoints.com reports. Martin used up his eligibility as a two-way player,