HoopsHype Buyout rumors

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May 26, 2015 Updates

It's very hard to imagine the Nets actually going through with releasing Williams between now and the Aug. 31 deadline that would allow Brooklyn to waive him and stretch out payments on the $43 million he is owed for the next two seasons. But you can rest assured they'll ponder it. It's a largely unappetizing prospect, considering a) they'd still have to pay Williams nearly $9 million a season for the next five years and b) he remains one of the better players and most feared shooters on the roster, despite his up-and-down health and steep decline in stature. ESPN.com

May 12, 2015 Updates
March 22, 2015 Updates

As a bonus, in case he needs the pick-me-up, Nash can console himself with the knowledge that at least one pretty good basketball team still covets his services. League sources told ESPN.com earlier this month that LeBron James' Cleveland Cavaliers -- who happen to have two of the biggest Nash admirers on Earth in their front office in David Griffin and former teammate Raja Bell -- let it be known to longtime Nash agent Bill Duffy that they would love to give the old man a whirl as a short-minute backup to Kyrie Irving if Nash wanted to seek a buyout after the trade deadline from whoever had him at that point. No chance, though. He only wanted to come back -- and go out -- as a Laker. ESPN.com

March 11, 2015 Updates

As it turns out, Dolan saved a lot of gold in his buyout of Stoudemire during the All-Star break — a whopping $6.25 million on his payroll, according to NBA sources. According to sources familiar with the agreement, Stoudemire gave up $2.5 million in his settlement with the Knicks. Add in the $3.75 million in luxury tax on that $2.5 million and Dolan’s savings is huge for excusing Stoudemire from playing out the string with the league-worst Knicks. (The Knicks are in the tax bracket in which they pay 1.5 percent for every dollar over the luxury-tax threshold). New York Post

March 2, 2015 Updates

The Philadelphia 76ers have agreed to waive center JaVale McGee in time for him to sign with a playoff team, a person with knowledge of the situation told USA TODAY Sports. The person requested anonymity because the decision had not been announced. USA Today Sports

Players waived by March 1 can still sign with teams that compete in the postseason, meaning the 27-year-old McGee will likely have a fruitful market when he clears waivers. Whether it's a new job with one of the Texas teams (San Antonio Spurs, Dallas Mavericks, Houston Rockets), the Miami Heat or another contender, McGee has every reason to be enthused about what lies ahead — especially considering he didn't give any money back. USA Today Sports

For the Sixers, the merit of the McGee move that brought him from the Denver Nuggets at the Feb. 21 trade deadline had everything to do with the first round pick they acquired. The 2015 first-rounder from Oklahoma City, by way of Denver, is protected for selections one through 18 in 2015, 1-15 in 2016 and 1-15 in 2017. If the Sixers don't receive it by then, they'll receive two second-round draft picks. USA Today Sports

Once he clears waivers this week, McGee will then become a free agent. McGee initially said upon being dealt to the Sixers that he did not want a buyout, but ESPN.com reported Sunday that McGee's representatives were on the hunt to find a team interested in signing the 7-footer. The Sixers took on the substantial remaining money on McGee's contract from the Denver Nuggets on trade deadline day in a deal that also netted them a future first-round pick. McGee has played sparingly since joining Philadelphia and realistically had no future there, given the presence of young center Nerlens Noel and two highly-rated frontcourt lottery picks, Joel Embiid and Dario Saric, who have yet to play for Philadelphia. ESPN.com

March 1, 2015 Updates

The seventh-year veteran was asked if he was open to going to another team. “I really don’t have a choice if it happens,” McGee said. “It’s not really an open or a close. I play basketball. That’s what I do. It’s a business. However, did say that his preference was to remain with the Sixers. “I hope it’s false,” McGee said of the report. “But you never know, though. You hear stories all the time. I didn’t hear anything about coming to Philly. So you never know.” Philadelphia Inquirer

The Philadelphia 76ers are engaged in active buyout talks with newly-acquired center JaVale McGee in advance of Sunday night's playoff-eligibility deadline, according to league sources. Sources told ESPN.com that McGee, after initially saying upon being dealt to the Sixers that he did not want a buyout, has his representatives on the hunt for a team interested in signing the 7-footer once he clears waivers before signing off on a buyout. ESPN.com

McGee would have to be waived by Philadelphia by midnight Sunday to be eligible to play in the 2015 playoffs with another team. But his willingness to surrender salary -- with a guaranteed $12 million scheduled to come his way next season as well as the rest of this season's $11.25 million -- will almost certainly depend on what sort of deal can be had with a new team once the 27-year-old becomes a free agent. ESPN.com

Keith Pompey: #Sixers coach Brett Brown on JaVale McGee aka @JaVale McGee: I think he’s great. He’s kind of maligned in some ways to me where, you know, people view him in a certain way. He’s been a great teammate. It’s not like I’m starting him. It’s not like I’m giving him 25 minutes. I can’t ask for anymore in regards to how he’s fit in, and how he’s just been extremely receptive and coachable. He’s been excellent. I can’t ask any more from him. Twitter @PompeyOnSixers

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