Source: Mike Bibby headed to Heat
http://sports.espn.go.com/nba/news/story?id=6167769
Mike Bibby and the Washington Wizards have agreed to terms on a buyout.
In a stunning move, Bibby, whom the Wizards acquired from Atlanta last week in a trade for Kirk Hinrich, gave up his entire salary for next season. The 32-year-old point guard had one year and $6.2 million left on his deal.
"He sacrificed some money in order to win a championship," said David Falk, Bibby's agent. "Once you're past 10, 11 years in the league, you want to be in a situation where you can win. He's got some attractive options open to him."
Bibby is eager to sign with a title-contending team after clearing waivers, and sources say the Los Angeles Lakers, Boston Celtics, Miami Heat and Portland Trail Blazers are interested in him.
Bibby will clear waivers on Wednesday. While Falk said Bibby has not made a decision yet about which team he will join, one source close to the situation said he's headed to Miami.
The source also said Miami is the front-runner for Troy Murphy. The Heat will have to cut as many players as they sign, and the source said Carlos Arroyo and Jamaal Magloire are the likeliest candidates.
However, Falk, who doesn't represent Murphy, maintained that nothing has been agreed to.
"I've been in touch with six or seven of the top teams," he said. "Nothing can be done until he clears waivers."
For Washington, the deal is a sweetheart one that will knock next season's payroll down to roughly $38 million, which is $20 million below the current salary cap.
Mike Bibby and the Washington Wizards have agreed to terms on a buyout.
In a stunning move, Bibby, whom the Wizards acquired from Atlanta last week in a trade for Kirk Hinrich, gave up his entire salary for next season. The 32-year-old point guard had one year and $6.2 million left on his deal.
"He sacrificed some money in order to win a championship," said David Falk, Bibby's agent. "Once you're past 10, 11 years in the league, you want to be in a situation where you can win. He's got some attractive options open to him."
Bibby is eager to sign with a title-contending team after clearing waivers, and sources say the Los Angeles Lakers, Boston Celtics, Miami Heat and Portland Trail Blazers are interested in him.
Bibby will clear waivers on Wednesday. While Falk said Bibby has not made a decision yet about which team he will join, one source close to the situation said he's headed to Miami.
The source also said Miami is the front-runner for Troy Murphy. The Heat will have to cut as many players as they sign, and the source said Carlos Arroyo and Jamaal Magloire are the likeliest candidates.
However, Falk, who doesn't represent Murphy, maintained that nothing has been agreed to.
"I've been in touch with six or seven of the top teams," he said. "Nothing can be done until he clears waivers."
For Washington, the deal is a sweetheart one that will knock next season's payroll down to roughly $38 million, which is $20 million below the current salary cap.
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