Garnett, Pierce and Terry will be introduced at Barclays Center during a Thursday news conference.
The Nets are slated to have a payroll of about $101 million next season and a projected NBA-record luxury tax bill of around $83 million, according to a league source.
Garnett will wear jersey No. 2 with the Nets, while Pierce will wear No. 34 and Terry will wear No. 31.
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