Well that was quick.
After playing in 14:41 minutes (correction that was his per game average) 29 minutes 21 seconds over two games for the Wizards, the team has bought out the contract of Mike Bibby, who was recently acquired last week from the Atlanta Hawks in a five player deal including Kurt Hinrich. The news was first reported by Dan Hellie over at NBC Washington.
Exact terms of the buyout are unknown at this time.
Bibby and the team have been in talks about a contract buyout and it was expected that Bibby’s days as a Wiz were numbered. He was surprised to hear about his trade last week and after nine years of playoff appearances, he most likely wanted to end up with a contender again this year. Among the teams interested in acquiring Bibby include Boston, Miami, Portland, and Denver.
We know it’s hard to wake up one day and find out you have been traded to a struggling team, we’ve seen this story before when Rashard Lewis was acquired from the Orlando Magic for Gilbert Arenas earlier this year. Personally if he wasn’t interested in playing for Washington, good riddance. With a young developing team like the Wizards we should have veteran players that are invested in the team.
Update: ESPN has the numbers on the deal: Bibby waived the remainder of his contract for 2011-2012, which included $6.2 million to be paid next year.
Wow that much to not play for the Wizards.
At least this means ever more cap room to make moves next season. The move will bring Washington $20 million below the current salary cap.
Does Bibby’s Buyout change your mind about the Hinrich deal?