To no one’s surprise, the Houston Rockets announced Tuesday night that point guard Ty Lawson has been bought out.

Lawson, 28, put up averages of 5.8 points and 3.4 assists in 22.2 minutes a game this season (his seven-year career averages stand at 13.3 points and 6.2 assists.)

The Rockets are now $524,000 under the hard salary cap.

Per Yahoo!:

After an initial apprehension to parting with Lawson after the NBA trade deadline, the Rockets will use the savings from the buyout to clear salary-cap space and likely sign another guard, league sources said.

 

Lawson has no predetermined post-buyout destination, but would be eligible for a new team’s playoff roster because he met the league’s March 1 waiver deadline. […] For Lawson, the experiment of co-existing with All-Star guard James Harden hasn’t worked this season. Lawson has carried himself as a professional throughout a difficult season, but simply has been unable to thrive with Harden, who is a ball-dominant scoring guard.

 

Lawson, 28, could be attractive to playoff teams searching for guard depth, or those out of the postseason race that’ll want to give him the chance at a test run for the future.