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Wizards reach buyout deal with Zydrunas Ilgauskas

UPDATED AT 10:48 p.m.

The Wizards have reached a buyout agreement with center Zydrunas Ilgauskas, according to a person with knowledge of the negotiations. The 7-foot-3 Ilgauskas is expected to pay back between $1 million and $1.5 million of his $11.5 million contract, the person said. Ilgauskas agreed to the terms late Wednesday night. A formal announcement will likely come on Thursday.

Ilgauskas's agent, Herb Rudoy, said the sides are "very close" and he expects to have the paperwork completed "in the morning."

Ilgauskas was acquired from Cleveland in the three-team trade that sent Antawn Jamison to the Cavaliers on Feb. 17. He received a trade kicker worth about $600,000 for being part of the deal. Ilgauskas only spent a few hours in Washington on Friday, when he came for a physical and quickly returned home to Cleveland.

After the Wizards waive him, Ilgauskas is expected to draw interest from Dallas, Denver, Atlanta and Utah. If he returns to the Cavaliers, Ilguaskas would have to wait 30 days to sign back with them, on March 21.

"I expect him to decide by the end of the weekend," Rudoy wrote in a text message.

By Michael Lee  |  February 24, 2010; 4:59 PM ET
 
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Comments

first to say - get rid of his slow behind! good-bye, see ya, let the door hit ya!

Posted by: tommycat | February 24, 2010 5:12 PM | Report abuse

Would someone explain this to me? Do we pay Z $10 million to not play for us but we can claim the cap space? Is that the big benefit? (What a racket.)

Posted by: jweber1 | February 24, 2010 5:18 PM | Report abuse

Z has already been paid for 1/2+ of the season by Cleveland ... I suspect he'd get the balance of his contract due (call if 4-5M of the 11.5) minus whatever he gives back as part of the buyout. Not sure if there's additional reduction in cap number if he re-signs with another team?

Posted by: cooldavej | February 24, 2010 5:29 PM | Report abuse

Yayyyyyyyyyy! Z IS COMING HOME TO C-TOWN! Finally the sorry azz Wizards have come to their senses...what part of "Z does not want to play for your team?" don't you understand?

Why would any one want to be on a "shoot 'em up" (like in guns, not basketball...lol) team like the Wizards and in nasty old D.C.?

Too bad about Howard being out for the season(sarcasm) ...oh, and thanks for Jamison...he's starting to gel real well...18 points last night - C-town already loves him!

GO CAVS!

Posted by: irishcav | February 24, 2010 5:31 PM | Report abuse

If the Wizards kept him, they'd have to pay him his prorated salary (i.e., if he plays a quarter of the season for them, they pay him a quarter of his salary). Buying him out means they can negotiate a lower dollar amount, which lets them save money and cap room, but they probably will have to pay most of their share of his contract, leaving him free to sign for the minimum wherever.

Posted by: IrenePollin | February 24, 2010 5:35 PM | Report abuse

Yayyyyyyyyyy! Z IS COMING HOME TO C-TOWN! Finally the sorry azz Wizards have come to their senses...what part of "Z does not want to play for your team?" don't you understand?

Why would any one want to be on a "shoot 'em up" (like in guns, not basketball...lol) team like the Wizards and in nasty old D.C.?

Too bad about Howard being out for the season(sarcasm) ...oh, and thanks for Jamison...he's starting to gel real well...18 points last night - C-town already loves him!

GO CAVS!

Posted by: irishcav | February 24, 2010 5:31 PM | Report abuse

z sucks, jamison plays no d and will cost you guys a shot at a title, lebron is going to be a knick and you are forced to live cleveland, things really arent as great as you thought

Posted by: billy12 | February 24, 2010 5:35 PM | Report abuse

Yes, irishcav, nasty DC. Enjoy Cleveland.

Posted by: IrenePollin | February 24, 2010 5:37 PM | Report abuse

Wiz are looking to reduce total payroll and this helps them do that.

Posted by: and_1 | February 24, 2010 5:39 PM | Report abuse

irishcav = prick.

Posted by: glawrence007 | February 24, 2010 5:43 PM | Report abuse

irishcav = correction, juvenile prick.

Posted by: glawrence007 | February 24, 2010 5:46 PM | Report abuse

irishcav: I thought Cavs fans weren't into the Wiz/Cavs rivalry? So what are you doing here? Why are you worrying about the Wiz? You're a moron and I'm glad Zydrunas is leaving. I think he sucks and he's like 40 years old. Yeah, don't think we need that.

Just can't wait for the Lakers to beat the Cavs again!

Posted by: rachel216 | February 24, 2010 5:50 PM | Report abuse

Oops for some reason I thought Cavs lost to Lakers in the finals last year. I gave them too much credit. Hope Lebron cries and doesn't shake anyone's hands again this year. =)

Posted by: rachel216 | February 24, 2010 5:53 PM | Report abuse

Kind of funny--if the Cavs have such a great team, why were they in such a lather to get Antawn Jamison from the Wizards that they were willing to dump one of their longtime mainstays, the Z man?

Posted by: pjkiger1 | February 24, 2010 5:56 PM | Report abuse

Irishcav

Let's see what happens next year when LJ bolts for the big Apple and the Cavs are stuck with the hideous Luxury Tax including Jamison's tab. Especially, when they don't even make it to the finals. We will see who is laughing then.

Posted by: Drkitchen | February 24, 2010 6:01 PM | Report abuse

Interesting quote from Caron Butler on ESPN.com talking about Mamba.

"To play alongside a guy like that, see his preparation and what it takes to get to that level, that's why I was able to be so good in Washington. I took everything I learned from him, being under his wing, and took that to Washington and it made me very successful."

I love Caron and all but wasn't he really 'so good' for just one year? The last season and a half was a complete nightmare.

Am I being too cynical?

Posted by: elfreako | February 24, 2010 6:06 PM | Report abuse

Michael Lee,

can we get a breakdown of what the economics are of this deal in terms of:
-cashflow (actual $ flowing towards Z)
-salary cap

Also, don't the Wiz hold all the cards here? I am surprised we were only able to get him to lower the value of that offer by $1.5 M.

Though I guess the alternative is making him sit on the bench and never play while getting paid?

Posted by: m1ke3i6 | February 24, 2010 6:07 PM | Report abuse

I can't speak for any of the other Cavs fans, but I am here to read about how the Washington press and the fans think about all of this.

So, does anybody know exactly why Washington would buyout Z and how much would it cost Washington?


DAWGZ

Posted by: WHOletTheDAWGZout | February 24, 2010 6:08 PM | Report abuse

Yo Z,

Can't wait to see you blocking shots and sinkin the 3 back in the Q, not to mention getting your puppet commercial back on the air!!!!!

Go Cavs!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by: gradya3 | February 24, 2010 6:24 PM | Report abuse

Mike Lee, whatever happened to "The Other Side" entries?

and what's up with Mcgee's wrist, is it cause for concern?

30mins before tip and nada

Posted by: divi3 | February 24, 2010 6:31 PM | Report abuse

The benefit of the trade for Z is that his contract expires this season. Since we were able to trade Jamison whose contract had two more years to go, we have reclaimed $10M+ in cap space for this offseason and beyond to sign FAs.

Posted by: cannontl | February 24, 2010 6:35 PM | Report abuse

"irishcav" has no penis.

That's what LeTravel told me.

I can't wait to see Kobe zip past Jamison on the baseline like your boy LeTravel did a few years back.

Enjoy it while you can, you guys are going to lose your hero this summer.

- Ray

Posted by: rmcazz | February 24, 2010 6:44 PM | Report abuse

"So, does anybody know exactly why Washington would buyout Z and how much would it cost Washington?"

Trying to find out as well, but since Washington is already under the luxury tax it really won't mean much.

Ernie Grunfeld could have let him rot, but I think they are showing class in letting him go back to Cleveland. That had to be a tough blow for Big Z to hear he was traded.

- Ray

Posted by: rmcazz | February 24, 2010 6:47 PM | Report abuse

"Am I being too cynical?"

No, but I don't think he wanted to be here either.

He's saying the right things but it's hard for me to believe seeing what I saw this past year.

You could see it on his face, and while Jamison was a true professional you could see it on his also.

I think this season was as bad as any time I have ever seen in professional sports around here. And that goes for the Redskins fans wanting to kill Snyder/Cerrato as well.

I can't even imagine wanting play in that kind of atmosphere.

- Ray

Posted by: rmcazz | February 24, 2010 6:52 PM | Report abuse

Trying to find out as well, but since Washington is already under the luxury tax it really won't mean much.

- Ray

Posted by: rmcazz | February 24, 2010 6:47 PM

It doesn't mean that much this season but will later on in that we have cleared Jamison's contract off the books. See my earlier post.

Posted by: cannontl | February 24, 2010 6:52 PM | Report abuse

This is one of the most ridiculous rules in the NBA, a league that seems to have a knack for all things idiotic. That he can be traded for a valued asset like Jamison and never leave home — and get paid by the team for which he refused to play — is insane.

Until the league sobers up and changes this moronic rule, the Wizards should keep him on the roster until there are 29 days left before the start of the playoffs, so the Cavs couldn't add him to their roster. Just because Washington isn't going to make the playoffs doesn't mean the Wiz should help Cleveland. It's a crying shame if Ilgauskas got his feelings hurt by being traded — see if the millions you've made in your career can afford enough therapy to heal your wounds, big guy.

But Cleveland got enough charity in the trade itself. Don't help the Cavs anymore. They don't need it.

Posted by: DC2Dallas | February 24, 2010 7:05 PM | Report abuse

Whew...you Wizard fans are truly a very unhappy bunch...oh well...I'll get outta here now and leave you all alone to brood. Z is coming home to C-town and my job here is done. xoxoxo


tata for now. (wink-wink)

Posted by: irishcav | February 24, 2010 10:11 PM | Report abuse

The Wizards are in serious need of a negotiator. If Ilgauskas does not play we will have to sign someone to take his place that will cost some money. If he will not play he could be suspended, and pay him no money. If he played poorly, deliberately, he could be suspended. If he wants to play for another team, we hold the cards and pay him nothing and even charge him to leave. What if Blatche, McGhee, or Young said they wanted to be bought out so they could play for the Lakers, or Spurs would we pay them to leave. At least they gave us some game for a while. The GM's around the league are playing with other peoples money, the owners, and the owners are playing with the fans money. The fans should hold the teams accountable for putting out a good product. Are the Wizards better this year without Ilgauskas? Next year he is a free agent and he can go wherever he wants and it cost nothing to us. Or we can sign him and trade him, whatever he wants to do.
Right now, we are paying him not to play for us, and the rationale is we are saving money in his contract. Then buy out all the players and sign a replacement team at the league minimum. The logic for this year is not reasonable.

Posted by: 1bmffwb | February 25, 2010 12:04 AM | Report abuse

See ya "Dooosh-Bag" - irishcav

wink -wink

Posted by: delskinsfan | February 25, 2010 12:06 AM | Report abuse

irishcav-Hows that ranking of living in the worse American city feeling right now. Get off the Wizards back and start getting excuses ready for your teams collapse in the NBA playoffs. The worst team money can buy. With LBJ, Shaq, Jamison and co. you will still be defeated. And LBJ will leave you for the bright lights, for if he cant win with the cast he has now he knows he will never win in Cleveland. Its all over but the crying.

Posted by: 1bmffwb | February 25, 2010 12:09 AM | Report abuse

so why did the wiz trade for him????

Posted by: CF11555 | February 25, 2010 1:58 AM | Report abuse

irishcav is nothing more than a troll. hey, i'd be pretty upset too if i had to live in cleveland. what a rotten cesspool of a town.

Posted by: asdffdsa1 | February 25, 2010 6:14 AM | Report abuse

For all the Cavs fans out there. I don't care one way or another for you team. Ceraninly no hater. If AJ helps you win a title than I'm happy for him. He is one of the all around best team player I have ever seen play for the Bullets/Wizards, and I wish him the very best.

Posted by: coastallp74 | February 25, 2010 6:33 AM | Report abuse

Just as I'm getting over the breakup of the "Big" Three, now I have to cope with the end of the Ilgauskas-Gooden era?

This is more than a mere mortal can possibly bear.

Posted by: BMoreChil | February 25, 2010 6:44 AM | Report abuse

The Wizards had 16 players on their roster. So they had to reduce to 15 somehow, didn't they?

Plus, Big Z had no interest in playing for Washington, and he wasn't in their long term or even short term plans.

So, it seems like a win-win. Washington gets further under the salary cap, which, assuming they buy out or waive Mike James, will help them add another player if they can find one. Big Z gets to play for a contender of his choice. Washington perhaps gets goodwill by not denying a respected veteran his chance at a title.

Posted by: PostSubscriber | February 25, 2010 7:34 AM | Report abuse

billy12 got it right. After all is said and done, you STILL live in Cleveland, Irishcav.

Posted by: original_mark | February 25, 2010 7:35 AM | Report abuse

No you're not being cynical, elfreako. CB had a good year here but if you line up his Wiz career against Larry Hughes, I'd take Hughes. Larry actually played good defense AND got steals. He didnt just wave at guys as they blew past him.

Posted by: original_mark | February 25, 2010 7:37 AM | Report abuse

irishcav,

Cleveland has no titles since 1964 in any team sport.
At least Washington got titles in 1978,1982,1987 and 1991. And more than that if you count DC United in soccer.

Posted by: jeremybozz | February 25, 2010 7:39 AM | Report abuse

wink wink? tata?

I sincerely hope Irishcav is a female.

If not, it's all clear to me now....not that there's anything wrong with that. But shouldn't you be somewhere watching the Bravo channel rather than posting here?

Posted by: original_mark | February 25, 2010 7:40 AM | Report abuse

If you would remove James the Cav`s would be a .500 team even with Jamison being added.
If LL waits his 30 days..and goes back to the Cav`s..after other teams have offered him money..than it was definitely pre-arranged deal and shame on the NBA for allowing it.
They should make the Cav`s give up a draft choice for next year(to the Wiz) as a penalty.

irishcav shouldn`t be criticized after all he lives in a place that is penalizing enough. Terrible weather, few jobs, and him.

Posted by: blazerguy234 | February 25, 2010 8:16 AM | Report abuse

So, Ilgauskas decided to pull a "Stevie Francis" and not report to the Wiz after being traded. We can't miss what we never had. It just makes it more obvious that we will be taking a dominant big man in the draft.

Posted by: musicmanjr | February 25, 2010 8:27 AM | Report abuse

To all Washington fans...
Don't be swayed by the rantings of irishcav. Not all of the fans of the Cavs are as boastful and bragadocious as he. Some of us understand the business end of the NBA and see the value gained by both teams in this trade. Even with the media hyped "bad blood" between the two teams, they are still business partners.

To the Wiz fans that have bashed living in Cleveland, I will accept your opinions as valid only if you have spent a considerable amount of time in the Northeast Ohio area and have seen the beauty of Lake Erie and the parks system, the rock hall of fame, the university circle area, and most importantly the Cleveland Clinic. (Where world leaders have come for medical services because they are number one in the world for heart issues)

BTW... what was the name of your mayor with the drug issues? in the city that competes for the murder capital of america each year? Look in the mirror before slandering another city of which you know nothing.

Posted by: str8drvr | February 25, 2010 9:02 AM | Report abuse

Lots of crazy posting today.

First off, this - "If you would remove James the Cav`s would be a .500 team even with Jamison being added." - is insane. Without LBJ, Cleveland is a .200 team with Shaq and AJ. Shaq is done. AJ couldn't get a better team - CB, AB, etc. - above .200, he certainly can't do it with a team with 45 year old Shaq and unusual Delonte West. Without Lebron, Cleveland is a bad, bad team. As much as you guys rag on EG, be glad Danny Ferry isn't running the show.

Two, this isn't a case of Z not wanting to play for us. That's a really silly comment. If for some weird reason, we thought our future would be brighter having the Russian Abe Legoda play for us, his old, fat *** would be here. Playing Z would do nothing good for us, so we're saving money by releasing him. This will allow us to get 1-2 younger, better players who can actually still run this summer. It makes sense.

Posted by: Urnesto | February 25, 2010 9:13 AM | Report abuse

"It just makes it more obvious that we will be taking a dominant big man in the draft. "

Gosh, I hope not. My biggest fear is that this cool, running, assisting, fun team we got now will be neutralized by some big slow tree. The only way this nightmare could be any worse is if we end up with that boy from Kansas.

Posted by: Urnesto | February 25, 2010 9:19 AM | Report abuse

z sucks, jamison plays no d and will cost you guys a shot at a title, lebron is going to be a knick and you are forced to live cleveland, things really arent as great as you thought

billy12- thank you...although all you really had to say is "you live in cleveland, life sucks for you."

Posted by: CelticFCbhoys | February 25, 2010 9:51 AM | Report abuse

Every year it is becoming harder to be a fan of the NBA. I sit and watch spoiled, lazy players being paid huge sums of money to stay at home. Players that don't like where they are playing can be bought out and be paid millions to go play where they want.
It must be nice to live in this fantasy world. Davis Stern MUST get rid of these guarenteed contracts. Let the people who deserve the big money be paid the big money. Tracy McGrady is the all time biggest thief of money in the history of mankind. There are more players joining him every year. It is the fans who pay the most for these contracts. If something isn't done soon, I know I will find something else to spend my money on.

Posted by: Boogadiggy | February 25, 2010 9:53 AM | Report abuse

Yayyyyyyyyyy! Z IS COMING HOME TO C-TOWN! Finally the sorry azz Wizards have come to their senses...what part of "Z does not want to play for your team?" don't you understand?

Why would any one want to be on a "shoot 'em up" (like in guns, not basketball...lol) team like the Wizards and in nasty old D.C.?

Too bad about Howard being out for the season(sarcasm) ...oh, and thanks for Jamison...he's starting to gel real well...18 points last night - C-town already loves him!

GO CAVS!

Posted by: irishcav | February 24, 2010 5:31 PM
------------------------------------
Wow! I guess you forgot that Delonte West was caught with 3 guns on a Washington beltway last summer.

Posted by: ENJOYA | February 25, 2010 10:08 AM | Report abuse

Come on people where is the love?Z didnt want to be here,we didnt want him really,just his cap relief.Its a win win situation for both teams,the team we have now doesnt fit with what he does they're young and energetic and he's a slow plodder,good luck to both of them I say & let bygones be bygones!!! GO WHIZ!

Posted by: BRUBOI | February 25, 2010 10:17 AM | Report abuse

irish cav, besides sports what does cleveland have. DC fans can at least turn off the tv and have a million and one things to do downtown. Cleveland... drew carey is now doing price is right and even he left that town

Posted by: jefferu | February 25, 2010 10:54 AM | Report abuse

Cleveland doesn't have sports.

The Browns have been the worst team in the NFL since 1999.

The Indians haven't won a World Series since 1954.

The Cavs have never won anything.

Congrats if with LeBron, Shaq, Jamison and a host of other pile on additions you finally win ONE title.

Been a long time coming though, eh? :-)

In the same period of time I have watched the Lakers win NINE championships since 1980.

Posted by: leopard09 | February 25, 2010 11:13 AM | Report abuse

reading these comments makes me realize how clueless many so-called fans are. if many of you do not understand this Iggy trade, you need to sit back and watch the last 3-years or so of NBA basketball. this trade was nothing about him playing here it was all about salary that would soon be off the books. the wiz trade a person that made $9-10M but has 2-yrs left on his contract for a guy that makes $9-10M and is in the last year of his contract. Next year the Wiz realize a $9-10M savings.

Posted by: oknow1 | February 25, 2010 11:57 AM | Report abuse

The Wizards are trying to sign useless and has-been players who match the team's high salaried players. Example, Z, who is worthless, but gets off the books faster than equally worthless Jamison.

The players the Wizards acquired get one last chance to prove they are worth something before their careers end. Next year, the Wizards hope to clear all these useless assets off the books, and start over.

When Agent Moron-O is publicly "rehabilitated" they will trade him. Now, he'a a damaged asset, and trading him gets them nothing.

In effect, they have admitted the entire team was a failure, and are erasing the chalkboard and starting over. Look for a new coach and GM as well.

Posted by: whodema | February 25, 2010 1:18 PM | Report abuse

Progress is being made.
The Wizards shipped out some more than one Zero. Gave a mid market rival a chance to beat the mega market dynasties. Made some big cap space for the future. Now they should reclaim the Bullets name and move back up I-95 to Charm City.

Posted by: ohiomc | February 26, 2010 6:31 PM | Report abuse

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