Bavcic is a 6-foot-11 forward out of Bosnia who was drafted in 2006 and has never played in the NBA.
The move frees up a roster spot.
Teague will wear jersey No. 12.
This deal, combined with the Taylor trade, will save the Nets $2.5 million in luxury taxes.
**The Nets on Tuesday announced that Teague would not make it Tuesday night's game due to travel reasons. He is expected to join the team for practice Thursday.