Mike Bibby Seeking Buyout?

by February 28, 2011

According to the WaPo, Bibby’s agent plans to seek out the possibility of a buyout from the Wizards: “Bibby has shot just 1-for-9 in two games with the Wizards, but there is a chance — albeit slim — that he may not be around much longer. According to a person with knowledge of the situation, Bibby’s agent, David Falk, plans to meet with Wizards President Ernie Grunfeld on Monday to discuss a possible buyout. The person requested anonymity because of the sensitivity of the negotiations. The two sides have had preliminary discussions, according to two league sources, but no formal proposals have been made. Bibby makes $5.8 million this season and is on the books for $6.4 million next season. Bibby would have to sacrifice a lot of money and get waived by Tuesday in order to be eligible to join a playoff team this season. Portland, Miami and Boston are reportedly interested in signing Bibby if he can reach an agreement. Grunfeld has said he wouldn’t close the door on any situation as it relates to a buyout. According to a league source, the Wizards tried to move Bibby again, almost immediately after acquiring him from the Hawks, but were unable to get anything done before the trade deadline. Bibby, who turns 33 in May, was upset about being dealt from a playoff contender in Atlanta to a lottery team at the trade deadline. Bibby expressed his disappointment on Friday about not being informed of his involvement in the deal until shortly before he was swapped — along with Maurice Evans and Jordan Crawford — in exchange for Kirk Hinrich and Hilton Armstrong.”