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Posted at 1:38 PM ET, 02/28/2011

Wizards, Bibby reach buyout agreement [UPDATED]

By Michael Lee

The Wizards have reached a buyout agreement with point guard Mike Bibby. Bibby's agent, David Falk, met with Wizards President Ernie Grunfeld on Monday at Verizon Center to get the deal finalized.


Don't get used to this, D.C. (Photo by Mike Ehrmann/Getty Images)

The terms have not been disclosed, but a person with knowledge of the situation said Bibby sacrificed a "substantial" amount of money for his freedom. Another source said that Bibby surrendered his entire $6.2 million salary next season. Bibby will receive the remainder of his $5.7 million salary this season and has a chance to make more, should he sign a prorated minimum deal with his next team.

Grunfeld said in a press release that the buyout "gives us increased financial flexibility and opens up more opportunities for us to develop and evaluate younger players."

Bibby has earned well over $100 million over his 13-year career, so he decided to leave some money on the table to win. But Bibby might not be making too much of a risk since the owners are expected to lock out the players when the collective bargaining agreement expires on June 30.

A league source said that Falk is currently looking for a possible destination for Bibby. Portland, Miami, Boston, San Antonio, the Los Angeles Lakers and possibly Denver are believed to have interest in the 32-year-old Bibby, whom the Wizards acquired from Atlanta in a trade involving Kirk Hinrich.

Bibby, who has made the playoffs in each of the past nine seasons, was upset about being dealt from a contender and had little interest in finishing his career with a lottery team. He scored two points on 1-of-9 shooting with eight assists in two games. A person close to Bibby said he considered several options, including retirement, after he was traded. He settled for a buyout that allows him to join another contending team.

Bibby left the arena in the afternoon and later took a flight back to Atlanta, where he will gather his belongings and wait until he clears waivers on Wednesday. The Heat is considered the favorite to get his services because it doesn't have a solid option at point guard and he would also team up with his brother-in-law Eddie House. But if he heads to the Miami, Bibby cannot wear No. 10 since it's retired for Tim Hardaway.

The Wizards attempted to move Bibby again before the deadline but were unable to find a trade partner. Bibby had to be released by Tuesday in order to be eligible to clear waivers and sign with a playoff contender.

At the morning shootaround, Coach Flip Saunders wasn't sure about Bibby's availability for Monday's game against the Chicago Bulls. "I haven't really talked to Ernie about that. I don't know," he said. "Right now, I'm assuming he's going to be here."

Bibby may have offered a clue about his plans when a Wizards staffer attempted to get him to take a headshot photograph before shootaround. Maurice Evans, another player acquired in the deal, had just completed his picture. Bibby declined, even after being told that it would only take a few minutes, and walked onto the practice court.

Mustafa Shakur, who recently completed his second 10-day contract, will be signed for the rest of the season to replace Bibby.

This settlement is likely another financial boon for the Wizards, who essentially turned Bibby into an expiring contract. They will still have a salary charge on their books of about $1 million next season for Bibby, but it is considerably less than the almost $6 million that they would've paid him to back up John Wall next season. The Wizards only have about $39 million committed to salary next season.

That's a pretty big deal, considering the Wizards traded Hinrich for a first-round pick, a prospect in Jordan Crawford and now salary relief.

One league source described the situation with Bibby as, "Fall out of the sky luck."

By Michael Lee  | February 28, 2011; 1:38 PM ET
Categories:  Mike Bibby  
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Next: Open thread: Wizards (15-43) vs. Bulls (40-17)

Comments

Good riddance!

Posted by: harrybalz | February 28, 2011 1:39 PM | Report abuse

We have become the East Coast Clippers where no one wants to go.

Bye Bibby.

Posted by: dcinmd1 | February 28, 2011 1:56 PM | Report abuse

put the wizrads and 'skins on the same boat and ship 'em to anywhere but DC. Its a sad state when the nation's capital is represented by these pathectic excuses for sports franchise.

Posted by: aginsburg | February 28, 2011 2:16 PM | Report abuse

The real problem is he plays the same position as John Wall, the one player that's not going anywhere and is going to get his minutes. No worries, give the minutes to Crawford and let him and Wall develop.

Posted by: lauther266 | February 28, 2011 2:24 PM | Report abuse

So what Bibby is a trash player..He is exactly why Atlanta stalled. He has been garbage for the last 2 seasons..

So he declines a picture for one of the Wiz staff..F him..

Posted by: kevenjones | February 28, 2011 2:31 PM | Report abuse

Adios, muchacho.

Sick and tired of these primadonnas who don't want to play for this team! Gooden, Ilgauskus, Bibby...even Captain Kirk wasn't thrilled about coming here initially. If they don't want to be a part of this organization, ship 'em right on out.

Posted by: BMoreChil | February 28, 2011 2:35 PM | Report abuse

Bibby is a 33 year old part-time player who was included in the deal for salary cap purposes.

This guy doesn't have much left in the tank and on a team set to win 20-25 games his presence isn't all that important.

A buy out is the correct move for the team.

Jordan Crawford and the #1 pick are the reasons the team made the deal.

Let's be straight on that.

I have no doubts that Grunfeld will look to trade Evans in the offseason as well.

The unfortunate thing is that Grunfeld did not trade Andray Blatche before the deadline.

He needs to go. He has reached a plateau on the court which I think he will never be able to overcome due to his inconsistent work habits and attitude.

Leonsis is listening to Grunfeld but no doubt is ignoring Saunders who probably would like to have seen Blatche go.

Grunfeld seems unwilling or unable to apply any influence or control over a locker room with some players who clearly need to be set straight.

And the joke of it all is that in a player's league the ONE player Grunfeld NEEDS to please, John Wall, is the one who is calling for greater accountability and responsibility.

Seems to me Leonsis has a bigger problem in 2 years if he can't convince Wall that the Wizards are serious about winning and don't rid the roster of guys with a losing mentality.

Posted by: RoyHobbs4 | February 28, 2011 2:37 PM | Report abuse

Bibby is a 33 year old part-time player who was included in the deal for salary cap purposes.

This guy doesn't have much left in the tank and on a team set to win 20-25 games his presence isn't all that important.

A buy out is the correct move for the team.

Jordan Crawford and the first round pick are the reasons the team made the deal.

Let's be straight on that.

I have no doubts that Grunfeld will look to trade Evans in the offseason as well.

The unfortunate thing is that Grunfeld did not trade Andray Blatche before the deadline.

He needs to go. He has reached a plateau on the court which I think he will never be able to overcome due to his inconsistent work habits and attitude.

Leonsis is listening to Grunfeld but no doubt is ignoring Saunders who probably would like to have seen Blatche go.

Grunfeld seems unwilling or unable to apply any influence or control over a locker room with some players who clearly need to be set straight.

And the joke of it all is that in a player's league the ONE player Grunfeld NEEDS to please, John Wall, is the one who is calling for greater accountability and responsibility.

Seems to me Leonsis has a bigger problem in 2 years if he can't convince Wall that the Wizards are serious about winning and don't rid the roster of guys with a losing mentality.

Posted by: RoyHobbs4 | February 28, 2011 2:38 PM | Report abuse

The real problem is he plays the same position as John Wall, the one player that's not going anywhere and is going to get his minutes. No worries, give the minutes to Crawford and let him and Wall develop.

Posted by: lauther266 | February 28, 2011 2:24 PM

Good point.
Is it me or are scores closer without Blatche on the floor.

Posted by: bonggong | February 28, 2011 2:40 PM | Report abuse

Here's your chance to win TWO TICKETS (along with two guest passes to the Lexus Suite) to the basketball game between the Washington Wizards and the OKC Thunder on March 14 at the Verizon Center. Click here for more info: http://www.moomooman.com/?p=24

Posted by: humen8r | February 28, 2011 2:48 PM | Report abuse

A substantial sacrifice in money by Bibby? Sounds like a win! (Or as close as we get to one.)

Posted by: BPupp | February 28, 2011 2:55 PM | Report abuse

They don't really need him this year and they won't have to dump him next year. Nobody would want him next year for 6 mil anyway.

Good deal, let him go.

I didn't like him going back to when he used to actually be good - with Sacramento.

Posted by: boblas | February 28, 2011 3:03 PM | Report abuse

After that trade happend, I was telling my friend Bibby would not be on the roster by next season anyway.

A 13 year againg vet past his prime does not fit with what the Wiz are hoping to do.

Who cares?

- Ray

Posted by: rmcazz | February 28, 2011 3:08 PM | Report abuse

Which of these sounds the best... I play for the Bulls or I play for the Wizards? I play for the Celtics or I play for the Wizards?

Posted by: cdouglas2 | February 28, 2011 3:10 PM | Report abuse

It just seems like this team is headed back to being at the bottom of the nba, a place where they were use to being for so long, the franchise's last playoff appearance now seems like 10-15 yrs ago as opposed to the 5 or 6 that its been..hope Leonsis can get this thing turned around like he did for the caps...

Posted by: dspower33 | February 28, 2011 3:12 PM | Report abuse

Mike Bibby and the Washington Wizards have agreed to terms on a buyout, according to league sources.

Bibby
Bibby

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, sources said. The 32-year-old point guard had one year and $6.2 million left on his deal.

Bibby is eager to sign with a title-contending team after clearing waivers, and sources say the Boston Celtics, Miami Heat and Portland Trail Blazers are interested in him.

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.

Posted by: demonj21 | February 28, 2011 3:12 PM | Report abuse

wow that made it easier to get him off the books for next season. Boston has delonte west to backup point when healthy but the heatles need a pg badly and lakers want a better pg then blake.

Posted by: jefferu | February 28, 2011 3:20 PM | Report abuse

Not that I was all that fired up about Bibby being in Washington anyway, but there has to be a change in league policy to prevent these tired has-beens from strong-arming teams into buyouts so they can catch on with a contender and ride the end of a bench to a ring that they feel they somehow "deserve." The whole draft process is set up so that teams with lesser records get first crack at college players, so there should be something in place to prevent divas like Bibby from thinking the NBA somehow "owes" them a chance to win. The league and its teams owe you nothing, aside from the millions you have pocketed as a decent-but-never-great player. Note to Bibby and all players in his situation: if you get traded to Timbuktu, you shut up and play and cash that check that is worth far more than you are.

Posted by: DC2Dallas | February 28, 2011 3:20 PM | Report abuse

His perfect fit right now is a team that can use him for depth and leadership. I don't blame him for pushing his hand and stating the obvious. What guy in the last year or two of his career would want to play in D.C.? Heck, who would want to play ANY of their career in D.C.?

Posted by: VaBroker | February 28, 2011 3:30 PM | Report abuse

So many fond memories of the bygone Bibby era. The Post should have fans send in their favorite memories/stories. Seems like yesterday he was signing with the Wizards...hard to beleive it was really almost a week ago. LOL....

Posted by: dbunkr | February 28, 2011 3:31 PM | Report abuse

If you consider yourself a savvy fan, how can you not view this buyout as anything but beautiful?

Posted by: dfresh58 | February 28, 2011 3:34 PM | Report abuse

RoyHobbs4 nailed it! I agree with him verbatim. no need to hate on Bibby, he served no purpose here. john wall does not need a mentor, he needs people that play to win night after night. not folks caught up in thinking they are special because they are NBA players.

I think the reality is Blatche with that extension is untradeable. He's our Ed Curry. his final year, teams will covet his lazy $7M-ass.

Posted by: simplewords999 | February 28, 2011 3:36 PM | Report abuse

Anyone notice dude wearing shorts in the first row behind Bibby is wearing Uggs...FAIL

Posted by: headquartrz | February 28, 2011 3:39 PM | Report abuse

Good job, Ernie. Maybe things are finally turning around for the Bullets!

Posted by: shanks1 | February 28, 2011 3:40 PM | Report abuse

The Wiz didn't need Bibby's sour attitude around John Wall. If he didn't want to be here, I'm very glad to see him gone ASAP.

Posted by: CommieX | February 28, 2011 3:42 PM | Report abuse

Bibby surrendered the entire $6.2 million he was due next season.

It's so bad that players are giving money away not to have to play with the Wizards?

Posted by: bulletsfan78 | February 28, 2011 3:44 PM | Report abuse

Not that I was all that fired up about Bibby being in Washington anyway, but there has to be a change in league policy to prevent these tired has-beens from strong-arming teams into buyouts so they can catch on with a contender and ride the end of a bench to a ring that they feel they somehow "deserve." The whole draft process is set up so that teams with lesser records get first crack at college players, so there should be something in place to prevent divas like Bibby from thinking the NBA somehow "owes" them a chance to win. The league and its teams owe you nothing, aside from the millions you have pocketed as a decent-but-never-great player. Note to Bibby and all players in his situation: if you get traded to Timbuktu, you shut up and play and cash that check that is worth far more than you are.

Posted by: DC2Dallas
--------------------
First off DC2Dallas you're an idiot.

Secondly Bibby didn't strong arm anybody. The Wizards are getting released from a $6 million obligation and more cap space to sign who ever wants to come to this sorry excuse for a team (Yes I'm a Wiz fan but I just call it how I see it). If the Wizards didn't want to release Bibby they are under no contractual obligation to do so. So exacty how is Bibby strong arming anybody? Bibby knows there is no way he's going to get $6million next season with his dimminished skill and changes to the CBA yet he still gave up the money. That's a lot of money to give up just to escape the curse 'o les boulez. Judging from the comments here it seems that many fans have their feelings hurt because even has beens are looking at this Wizards team and saying "umm thanks but no thanks"......So if has beens are turning the us down how in the hell are we going to attract a star?


In any case this is a great deal for both parties. We get $6 million dollars we didn't have to attempt to sign a young player next and Bibby gets to pursue his chase for a ring. Can't be mad at that.

Posted by: 6thsense79 | February 28, 2011 3:46 PM | Report abuse

*..how can you view this buyout as anything but beautiful?

Also, folks need to calm down with all this negative talk about the state of our Wizzies. From what we've seen so far this year, we have a potential once in a generation talent at PG. Nick Young is at best a budding star at SG and at worst a great trade chip. I could go on and on, I mean, we have serious potential at every position now pretty much. Does anyone else love Kevin Seraphin as much as I do, for example? He's 20, is JACKED, plays with a mean streak, competes every night, plays with his back to the basket on O, and ...uhh....has only been playing basketball for 4-5 years!

I don't think anybody believes we're going to win anything with the current roster, but we're in a great position to parlay some of our chips into something special. Oh yeah, and we have a top 5 pick in this upcoming draft. Chill. We've already seen that in the NBA unlike some other pro leagues it doesn't take much time to go from worst to first (Boston, Miami, etc.).

Jamison, Butler, Gilbert, Deshawn, Haywood, etc....or this team? I'll take these Wizzies in a heartbeat, thanks very much.

Posted by: dfresh58 | February 28, 2011 3:46 PM | Report abuse

Kudos all around

I hope he goes out West and whoops Kobe for old time's sake!)

Great job, Ernie. Thanks again.

Posted by: mcsobran | February 28, 2011 3:53 PM | Report abuse

AMAZING move! If Bibby gave it all up for next year he just became my favorite player (for today).

The Wizards are going to be $20mil under! Imagine if the cap gets lowered. Teams are going to have to pay us to take their players. Their Vets plus our kids means we are headed places!

Posted by: jaguar2490 | February 28, 2011 3:54 PM | Report abuse

I hope Ted understands that as long as he keeps Ernie and Flip in charge the only thing other players will see when they look at the Wizards organization are "ABE's" Wizards...

Ted shake some things up and show the NBA the Wizards are "Under New Management"

Who knows maybe a star player might want to come and play with Wall someday?

Posted by: bulletsfan78 | February 28, 2011 3:54 PM | Report abuse

AMAZING move! If Bibby gave it all up for next year he just became my favorite player (for today).

The Wizards are going to be $20mil under! Imagine if the cap gets lowered. Teams are going to have to pay us to take their players. Their Vets plus our kids means we are headed places (next year)!

Posted by: jaguar2490 | February 28, 2011 3:54 PM | Report abuse

We have become the East Coast Clippers where no one wants to go.

Bye Bibby.

Posted by: dcinmd1 | February 28, 2011 1:56 PM | Report abuse

as of right now thats what it seems, but we are rebuildinggggggg!!!

Posted by: mrhney03 | February 28, 2011 3:56 PM | Report abuse

Not that I was all that fired up about Bibby being in Washington anyway, but there has to be a change in league policy to prevent these tired has-beens from strong-arming teams into buyouts so they can catch on with a contender and ride the end of a bench to a ring that they feel they somehow "deserve." The whole draft process is set up so that teams with lesser records get first crack at college players, so there should be something in place to prevent divas like Bibby from thinking the NBA somehow "owes" them a chance to win. The league and its teams owe you nothing, aside from the millions you have pocketed as a decent-but-never-great player. Note to Bibby and all players in his situation: if you get traded to Timbuktu, you shut up and play and cash that check that is worth far more than you are.

Posted by: DC2Dallas | February 28, 2011 3:20 PM | Report abuse


sorry bro but when u give up ur entire salary for the next season u didnt strongarm sh*t

Posted by: mrhney03 | February 28, 2011 4:01 PM | Report abuse

Bibby is a has-been. He was only part of the deal to balance the cap hit.

The Wizards don't need a 33 year old specialist.

The Lakers or Orlando might be able to use Bibby now that he has waived the final year of his deal and become a free agent.

Bibby and Evans were trade balancers.

The deal for Washington was about Crawford and the first round pick.

And to unload an $8M contract for next year for Hinrich.

A backup point guard who scores 9.5 points and 4 assists isn't worth $8M here.

Posted by: RoyHobbs4 | February 28, 2011 4:02 PM | Report abuse

Man what a move! The fact is the Wizards took on Hinrich, and in turn used that salary to gain an extra 1st last year, an extra 1st this year, Jordan Crawford, and 6 million in cap space. Brilliant.

All of this talk about needing a mentor for Wall is overblown. He's going to be a star, Bibby being here or not has nothing to do with it.

Posted by: wizfan305 | February 28, 2011 4:04 PM | Report abuse

The move will probably add to the team's current on-the-court woes simply because Bibby is a better player than anyone that we can bring in at this stage. Maybe Shakur though will show something over the remaining weeks. As a business move though it makes sense, and it might help in terms of draft position.

Posted by: JPRS | February 28, 2011 4:05 PM | Report abuse

I'm actually fascinated to see Shakur get some minutes. The rest of this year MUST be about seeing what we have in our young guys, and about getting them playing time.

So when Wall needs a breather, I'd MUCH rather see what Shakur can do than to watch Bibby, who is a known commodity.

When Hinrich was out in that game in NY where our bench kicked the Knicks' butt in the 2nd Q (and our letharic, non-working starters gave it back to them in the 2nd half while the young guys got no time at all), Shakur actually ran the offense very efficiently, moved the ball well, played good D and scored in a variety of ways. Is he a future star? Nobody is claiming that.

But is he a potential diamond in the rough as a backup 1? Let's find out (the one thing we KNOW about Flip is that if Shakur and Bibby were both on the bench when Wall sat down, Bibby would go in every time.)

Posted by: psdfx | February 28, 2011 4:07 PM | Report abuse

Anyone notice dude wearing shorts in the first row behind Bibby is wearing Uggs...FAIL

Posted by: headquartrz | February 28, 2011 3:39 PM

LLs!!Classic

BTW, fail to girls wearing them also. Things are dreadful. Whatever happen to sexy?

Posted by: gmac78 | February 28, 2011 4:09 PM | Report abuse

rphilli721 and I said it this a.m. 6.4 mill. Next year's $6.2....pretty close. It has to be a figure in that range. He would have been due his pro-rata $5.4 for the rest of this season, now I hope he gets $132,000 for two games, $186,000 if he shows tonight, and no more.

We got their first pick for 2011 with the money to sign three players [our two plus ATL's].

ARMSTRONG and his $325,000 pro-rata are history.

We moved out 3 million this year, 8 mill for next season, and one year on CAPTAIN KIRK.

We free another approximately 8 mill this season and next with BIBBY, and he's already left the building.

We pay MO EVANS a pro-rata $825,000 for 27 games, and we're free of his contract.

We get a future potential player in JORDAN CRAWFORD for $1.1+ next season, and who is under contract for four+ more seasons.

A helluva deal if you ask me. I'd say GRUNFELD can count at least, and he's got young talent already in the house and coming in the draft.

Cost:

$0,825,000 - EVANS
$1,120,440 - CRAWFORD
$0,186,000 - BIBBY [pro-rata three games]
__________

$2,111,440 - Total Cost

Benefit:

$00,325,000 - ARMSTRONG
$11,000,000 - HINRICH
$08,000,000 - BIBBY *
___________

$19,325,000 - Total benefit
$02,111,440
___________
$17,213,560 - Total savings over 1+ seasons

*approximation

All this assuming of course my math is somewhere near correct. What a deal. Man!

Posted by: glawrence007 | February 28, 2011 4:13 PM | Report abuse

Good job, Ernie. Maybe things are finally turning around for the Bullets!

Posted by: shanks1 | February 28, 2011 3:40 PM | Report abuse

If you consider yourself a savvy fan, how can you not view this buyout as anything but beautiful?

Posted by: dfresh58 | February 28, 2011 3:34 PM | Report abuse

Man what a move! The fact is the Wizards took on Hinrich, and in turn used that salary to gain an extra 1st last year, an extra 1st this year, Jordan Crawford, and 6 million in cap space. Brilliant.

Posted by: wizfan305 | February 28, 2011 4:04 PM | Report abuse

AMAZING move! If Bibby gave it all up for next year he just became my favorite player (for today).

Posted by: jaguar2490 | February 28, 2011 3:54 PM | Report abuse

You realize that Ernie had nothing to do with the buyout.

Unless you consider him turning the Wizards into one of the worst organizations in the NBA during his 7 years as the GM?

Posted by: bulletsfan78 | February 28, 2011 4:13 PM | Report abuse

All of this talk about needing a mentor for Wall is overblown. He's going to be a star, Bibby being here or not has nothing to do with it.

Posted by: wizfan305 | February 28, 2011 4:04 PM | Report abuse

In fact, I was uncomfortable having BIBBY in the house. To me, he didn't do all that much for JORDAN CRAWFORD last year or this.

Posted by: glawrence007 | February 28, 2011 4:19 PM | Report abuse

No worries because he wasn't a part of the future anyways. He's basically an old PG that is a better fit for a playoff team trying to make a run but hold up . . . didn't he get dealt by a team trying to make a playoff run? Not that he was losing anything by wanting out of here but to give up the entire $6.2 Mil is huge proof that these guys are grossly over paid. especially for a guy that won't see another huge deal, Hopefully he won't get to buy his way on a championship team either.

Posted by: zack5 | February 28, 2011 4:20 PM | Report abuse

You realize that Ernie had nothing to do with the buyout.

Unless you consider him turning the Wizards into one of the worst organizations in the NBA during his 7 years as the GM?


Posted by: bulletsfan78

No, what I realize is that your brain clearly has no more than two working cells in its entirety.

Grunfeld was under no compulsion to let Bibby out of his deal and therefore he inherently "had something" to do with the buyout, even if all he did was agree to it, you cretin.

Posted by: bobabuie | February 28, 2011 4:27 PM | Report abuse

Dumping salary and playing guys for the future is so much worse then barely making the playoffs and having no shot to win a championship at all with the previous "big 3".

Psh.

Posted by: BrokenClipboard | February 28, 2011 4:28 PM | Report abuse

You realize that Ernie had nothing to do with the buyout.

Unless you consider him turning the Wizards into one of the worst organizations in the NBA during his 7 years as the GM?


Posted by: bulletsfan78 | February 28, 2011 4:13 PM | Report abuse

Damn dude, give it a rest. You know no matter what blog I follow, there's always at least one person saying how brain-dead the management, the ownership, and/or the coaching staff are. Do you HAVE to follow the same teams I do?

Posted by: glawrence007 | February 28, 2011 4:28 PM | Report abuse

"*..how can you view this buyout as anything but beautiful? Also, folks need to calm down with all this negative talk about the state of our Wizzies. From what we've seen so far this year, we have a potential once in a generation talent at PG. Nick Young is at best a budding star at SG and at worst a great trade chip. I could go on and on, I mean, we have serious potential at every position now pretty much."

Posted by: dfresh58 | February 28, 2011 3:46 PM

Dude, "potential" means you haven't done anything yet. Optimism is all well and good, but it should be leavened with a pinch of reality, and the reality of this team is that it is a looong way from being a contender in the ever-more imposing Eastern Conference.

You want guys with potential, but, sadly, a lot of players never reach that potential. "7-day 'Dray" was looking like a potential stud toward the end of last season; how has that worked out this year?

The Wizards do have some nice assets. Wall looks like the real deal, and McGee, Booker and Seraphin have some upside. I really like the 20 mil. in cap room the team has for next year; it give them a lot of flexibility in trades and free agency. But let's not make this team out to be something other than what it is: a lousy squad that is at least two years from competing for a playoff spot and farther away than that from even being mentioned in the same sentence with Boston, Miami, Orlando and Chicago.

Posted by: rufus_t_firefly | February 28, 2011 4:30 PM | Report abuse

You realize that Ernie had nothing to do with the buyout.

Unless you consider him turning the Wizards into one of the worst organizations in the NBA during his 7 years as the GM?


Posted by: bulletsfan78

No, what I realize is that your brain clearly has no more than two working cells in its entirety.

Grunfeld was under no compulsion to let Bibby out of his deal and therefore he inherently "had something" to do with the buyout, even if all he did was agree to it, you cretin.

Posted by: bobabuie | February 28, 2011 4:27 PM

Bullet-sham78 is a troll. Ignore him and you'll feel much better.

Posted by: and_1 | February 28, 2011 4:36 PM | Report abuse

You want guys with potential, but, sadly, a lot of players never reach that potential. "7-day 'Dray" was looking like a potential stud toward the end of last season; how has that worked out this year?

I guess we learned to offer no more than one year contracts. Hopefully way before that time, he's gone in a trade.

Posted by: glawrence007 | February 28, 2011 4:36 PM | Report abuse

I don’t think it is generally appreciated that the Wizards and Ernie Grunfeld are setting themselves up nicely for the post-NBA lockout world. Unlike the NFL, the NBA is actually losing gobs of money. The owners are determined to radically change the system. A hard cap is on the way.

Next year, or the year after that if the NBA follows the NHL example, teams are going to be able to spend no more than a set sum – $58 million as an example. Teams, by the boatload, are going to be shedding quality players to get under the cap. The Wizards, who will have a ridiculously low payroll next year, are going to be able to sign talented players at what are, by current standards, bargain-basement prices.

I can’t understand why more teams aren’t setting themselves up in similar fashion. The Wizards are exhibiting planning and forethought.

Posted by: Rory2 | February 28, 2011 4:38 PM | Report abuse

It is not good to denay people credit when they do good.
EG will be one of the top ten GMs in player trading and coast saving but will be one rated as one of the last 7 GMs in player drafting.

Posted by: gtefferra | February 28, 2011 4:42 PM | Report abuse

Unless you consider him turning the Wizards into one of the worst organizations in the NBA during his 7 years as the GM?

Posted by: bulletsfan78

Isn't your stance that the Wizards have been a horrible organization since roughly '78? If so, you can't blame EG for turning it into one of the worst organizations, you can only blame him for not improving it. :)

Posted by: ts35 | February 28, 2011 4:43 PM | Report abuse

Benefit:

$00,325,000 - ARMSTRONG
$11,000,000 - HINRICH
$08,000,000 - BIBBY *
___________

$19,325,000 - Total benefit
$02,111,440
___________
$17,213,560 - Total savings over 1+ seasons

Either Hinrich or Bibby. I would not count both since they never where on the team at the same time.

Posted by: dcinmd1 | February 28, 2011 4:45 PM | Report abuse

100 million over 13 years for a player who was never a Tier 1 player. Wow, what a country we live in. Don't think he will be in a bread line having to give him next year's salary.

Funny how the NBA owners usually hate paying employees at their initial company but once they buy a NBA franchise the millions start flying.

Posted by: fearturtle44 | February 28, 2011 4:46 PM | Report abuse

You guys are right — the fact that he gave up money makes "strong-arm" the wrong word. I stand corrected. I just can't stand these crybabies who "only want to play for a winner" or somesuch. Sure, we'd all like to play for a winner, but we also would like to cash that $6 million check to play basketball for a living. Washington does benefit a little from not having to pay Bibby his cash, but the attitude Bibby and those like him exhibit is still annoying.

Posted by: DC2Dallas | February 28, 2011 5:02 PM | Report abuse

Mike Bibby is the bizarro Albert Haynesworth.

Posted by: CommieX | February 28, 2011 5:06 PM | Report abuse

DC2Dallas, it seems you have Mike Bibby confused with Stephon Marbury. There's nothing wrong with what Bibby did. He didn't try to have it both ways (i.e., get paid but only under his terms). He gave up more money than most people will make in a lifetime in order to get a shot at profession fulfillment/happiness. And he did it quietly, without a lot of public noise. The simple truth is that the Wizards had no more use for him than he had for them. It was a mutually beneficial deal in which there were no losers.

Posted by: kalo_rama | February 28, 2011 5:10 PM | Report abuse

WOW another Player who does not want to play here. Thats a Bad sign. So we gave up the only true Profession on the roster for a players who does not want too play here Go Figure.
Just like big Z from Cleveland who did not even show up after the trade with Cleveland,
Bibby gave up 6.5 Million to go play for the min with a contender---The Wiz has hit rock bottom.
The Wiz will now be over 20 Million under the cap
with no players who want to come here.
Its time for contraction. The Wizzards The Hornets

Posted by: Carprin | February 28, 2011 5:11 PM | Report abuse

I don’t think it is generally appreciated that the Wizards and Ernie Grunfeld are setting themselves up nicely for the post-NBA lockout world. Unlike the NFL, the NBA is actually losing gobs of money. The owners are determined to radically change the system. A hard cap is on the way.

Next year, or the year after that if the NBA follows the NHL example, teams are going to be able to spend no more than a set sum – $58 million as an example. Teams, by the boatload, are going to be shedding quality players to get under the cap. The Wizards, who will have a ridiculously low payroll next year, are going to be able to sign talented players at what are, by current standards, bargain-basement prices.

I can’t understand why more teams aren’t setting themselves up in similar fashion. The Wizards are exhibiting planning and forethought."

Posted by: Rory2 | February 28, 2011 4:38 PM

Nail on the head. Nice to see that someone gets it.

Posted by: kalo_rama | February 28, 2011 5:15 PM | Report abuse

It's a SAD sports world now!
It used to be that these athletes would welcome any opportunity, within the sports' they are a part of.

Now even though they ar still being paid/compensated very well if not too good, they are all whiny, talkative "Lil Beatches"!
I'm seriously starting to not watch & support theses BABIES anymore.

Posted by: Trophyjeff | February 28, 2011 5:15 PM | Report abuse

"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." - from ESPN

Why does ESPN or other national news sources always have better info than the Post?

===================================

Some of you really need to stop being fools. Bibby has made more than enough money over 13 years to want out of losing. he knows the game well enough that he can make $4-5 million riding the bench of a winner/contender. I would not envy him sitting on the bench of a 20-win 60-lost team where they don't even give 100%. So why not take a $1-2 million pay cut dummies!

Posted by: oknow1 | February 28, 2011 5:15 PM | Report abuse

Didn't read through the comments, so pardon me if this is redundant. Another way to look at this is Bibby exercised a "player option" to void his last year, even though there was no such option available.

Considering he's 32 or 33, he's probably going to get one more contract anyway, so other than wasting away on this team's bench for 1 of those years, seems like he decided to "void" the last year and try to parlay that into one last multi-year deal this offseason.

I'm glad he didn't put up too much of a tantrum (or publicly, at least), but I wish this team had a veteran PG behind Wall. There is less than 25 games remaining, but the next 6 weeks are just as crucial for Wall's development and it'd be nice to have a teacher there for him, IMO. Cassell better hit the blackboard hard w/ Wall now...

Posted by: -CN- | February 28, 2011 5:19 PM | Report abuse

"I just can't stand these crybabies who "only want to play for a winner" or somesuch. Sure, we'd all like to play for a winner, but we also would like to cash that $6 million check to play basketball for a living. Washington does benefit a little from not having to pay Bibby his cash, but the attitude Bibby and those like him exhibit is still annoying."

Posted by: DC2Dallas | February 28, 2011 5:02 PM

I couldn't disagree more. In a pro sports world where most athletes seem to put money before anything, you've got a guy who will be giving up a substantial amount of money because he wants to compete for a championship. Isn't that what athletics are supposed to be all about?

Now, granted, it's a lot easier to turn down 6 mil. + when you've already got scads of money, as Bibby surely must have at this point in his career, and it's not like he's going to make slave wages with his next team (although, given his diminishing skills, it will surely be substantially less than he would have made under his old contract). Nevertheless, I find his valuing of winning over money refreshing. And, by the way, Washington will benefit A LOT, not a little, from the added cap room, especially if the salary cap is reduced significantly as a result of a new CBA. They can sign free agents or take on other teams' big contracts and receive first round picks in trades, like they did with the Hinrich deal. The Bibby buyout was a win for both sides.

Posted by: rufus_t_firefly | February 28, 2011 5:20 PM | Report abuse

You realize that Ernie had nothing to do with the buyout.

Unless you consider him turning the Wizards into one of the worst organizations in the NBA during his 7 years as the GM?


Posted by: bulletsfan78 | February 28, 2011 4:13 PM | Report abuse

==============================

Oh really?? So players can just do these things on their own?? WOW!! Who ever knew that!!
Fact is that Ernie tried to move him prior to the trade deadline!! He never had plans for this guy....PERIOD!!
Ernie got the best deal he could have ever gotten!! Cap space and lots of it!!

Posted by: dkidwell61 | February 28, 2011 5:21 PM | Report abuse

Really sad when ballers are willing to give up guaranteed money to get the heck out of this clusterf#ck of a franchise.

Posted by: DC_MAN88 | February 28, 2011 5:30 PM | Report abuse

LOL! Bibby was brought onboard to replace Wall's previous mentor Kirk. Now what? Nothing but "positives" spewing out of Grunfeld's face. What a joker.

Posted by: DC_MAN88 | February 28, 2011 5:36 PM | Report abuse

"...the Wizards and Ernie Grunfeld are setting themselves up nicely for the post-NBA lockout world...teams are going to be able to spend no more than a set sum – $58 million as an example. Teams, by the boatload, are going to be shedding quality players to get under the cap. The Wizards, who will have a ridiculously low payroll next year, are going to be able to sign talented players at what are, by current standards, bargain-basement prices.

I can’t understand why more teams aren’t setting themselves up in similar fashion. The Wizards are exhibiting planning and forethought." - Rory2


This sounds good in theory, but there is also talk of allowing franchise tags, or grandfathering in current players and their salaries. Think about how the Lakers landed Shaq before the soft cap came, or the 49ers signed a lot of quality players before the NFL changed it's cap rules. Those teams flourished right after. What if THIS was the offseason to grab whatever you could, before the league sets all the rules?

That being said, I like the trade overall. 2 first round picks, and lower cap. Nothing to complain about there. There are rumors that the Knicks are going to buyout Corey Brewer. It's totally in our publicly stated goal to try and sign him. We're talking about a 24 year old who can defend the wing very well and still can improve his offensive game. He's also 3 years younger than Thornton. We'd be crazy not to at least make him an offer.

Posted by: segastyle | February 28, 2011 5:52 PM | Report abuse

Breaking News: Harry Potter and Merlin have decided they do not want to be Wizards anymore. Talk of buyout rumored.

Posted by: okelley2nd | February 28, 2011 5:57 PM | Report abuse

I can’t understand why more teams aren’t setting themselves up in similar fashion. The Wizards are exhibiting planning and forethought." - Rory2

There will be some good players who get cut loose, but probably not a lot of difference making players. The top salaries will likely come down, but as usual, it will be the middle range players who get squeezed more.

The league will make sure that the teams they want to have players will still have players. The NBA is struggling no question, but they're not bleeding as badly as the NHL was.

I do think the Wizards are playing it smartly, and they will stand to benefit, but I don't think any studs are going to fall into their laps.

Posted by: ts35 | February 28, 2011 6:13 PM | Report abuse

the only problem with having all this money is nobody wants to come here.

Posted by: slick3 | February 28, 2011 6:21 PM | Report abuse

who cares how much money we have if free agents dont wanna come here what does it matter..the last big free agent we landed was arenas and that was a coin flip..so were never gonna get a big free agent to play here..and our players are too dumb to be here and becomes nba stars

Posted by: MrNoOne | February 28, 2011 6:49 PM | Report abuse

The Wizard are doing what they are suppose to do, get under the cap and get a 2012 free agent like Kevin Love and Roy Hibbert someone who can go hard in the paint and maybe even Danilo Gallinari or another 3-point shooter who can spread the floor for John Wall.

2012 starting line-up

PG. John Wall
SG. Nick Young
SF. Danilo Gallinari
PF. Kevin Love
C. Roy Hibbert

They can hold us down to the 2013 free agent class when we can can get a real superstar

Posted by: RIKFLARE | February 28, 2011 6:52 PM | Report abuse

Aren't you glad we made that trade?

Posted by: ravensfan20008 | February 28, 2011 6:56 PM | Report abuse

Now if Ernie can somehow get rid of Rashard Lewis he should be GM of the year!

Posted by: bobilly1 | February 28, 2011 6:57 PM | Report abuse

The fire sale continues. Apparently, this team can actually get worse than it already is. I understand the team is rebuilding and positioning itself for the future, and I hope it works out. Potential strategical setbacks:
1) The Wiz already has a soft/immature culture to contend with among Generation Blatche/Young/Mcgee. Stripping the team of veteran talent, while keeping the softest players reinforces a losing core looking forward.
2) True pros will not want to play here if we're awful. This includes both the vets Grunfeld suggests we'll be able to bring in with all our "financial flexibility", and the true pro we already have (Wall). It is highly unlikely Wall is up for a four-year rebuild. He hates losing, playing with knuckleheads and has already called out his teammates as quitters. If he leaves, we will have absolutely nothing to build around and will be in need of another rebuild.
3) Trying to tank the season to improve draft position by ridding ourselves of veterans will only get us so far. Grunfeld has a poor track record with number one picks. It is the weakest draft in years, with not a single sure-fire player at the top and many question marks in the mid to late first round. Grunfeld had far better talen to choose from two years ago when he traded away the number five for two one-year leases. Meanwhile, deep end of pool, on the job training only gets youthful players so far. Young players need older ones to learn from and improve. Looking down the Wizard's bench, I don't see a single savvy veteran or former championship caliber-player left. Add a coach who has already lost some of his players, and the team looks like it will be lost and immature for the foreseeable future.

Posted by: SammyT1 | February 28, 2011 6:57 PM | Report abuse

"the only problem with having all this money is nobody wants to come here.Posted by: slick3"

I'm not sure that's the case. Just last year the Knicks and Chicago were left at the altar because 'nobody' wanted to go there, either -- until somebody did. Now even lowly NJ looks like they've picked up a terrific player to build around.

Things change fast in the NBA.

When your team is way under a hard salary cap, they change even faster.

Posted by: Samson151 | February 28, 2011 6:58 PM | Report abuse

The only person that benefits from all this salary relief is the owner. Who needs salary relief when you don't plan to spend it next year anyway?

Even when developing new talents, I expect a mix of young kids and old veterans. You need veterans to teach new kids, and keep games competitive.

Stockpiling young talents is just a poor excuse for this down-spiraling franchise.

Posted by: appalladia | February 28, 2011 6:58 PM | Report abuse

"The only person that benefits from all this salary relief is the owner. Who needs salary relief when you don't plan to spend it next year anyway?"

Who said Leonsis doesn't plan to sign players? All he's said is that his strategy is to build through the draft, with OKC as a model. The Thunder just traded away some of their young core for Ken Perkins, who's an 8 year veteran

"Stockpiling young talents is just a poor excuse for this down-spiraling franchise.
Posted by: appalladia"

I have to question the logic here, too. The Celts accumulated a bunch of young players, then traded them away for Kevin Garnett, etc, and won a title. A trade that would never have occurred without all that young talent.

Posted by: Samson151 | February 28, 2011 7:02 PM | Report abuse

The Wizards seem to be a bizarre Bermuda Triangle for ex-Arizona players: Gilbert, Bibby, Mustafa ("Mupak"). Am I forgetting any?

Posted by: PattyinSJ | February 28, 2011 7:03 PM | Report abuse

The Heat don't just need a PG -- they've got a couple already -- they need a PG who can shoot from outside and who doesn't need to control the ball all the time. That's Bibby. Of course he doesn't play defense, but you can't have everything.

Posted by: Samson151 | February 28, 2011 7:04 PM | Report abuse

"Trying to tank the season to improve draft position by ridding ourselves of veterans will only get us so far." Posted by: SammyT1 | February 28, 2011 6:57 PM

They've been doing a fine job of losing games without trying and with veteran players. There's no defensible argument that Mike Bibby's presence or absence will have any measurable effect on the Wizards' win/loss record. And last I checked, Evans, Howard and Lewis, veterans all, were still on the roster.

More significantly, the cap space being created now could help them to snag some higher-quality veterans when other teams are forced to deal good players they might not otherwise want to part with to get under the lower/tighter/harder post lockout salary cap.

If you look at acquiring Hinrich to buying out Bibby as individual parts of a larger whole transaction, it was a good move with no downside from start to finish.

Posted by: kalo_rama | February 28, 2011 7:07 PM | Report abuse

"There will be some good players who get cut loose, but probably not a lot of difference making players. The top salaries will likely come down, but as usual, it will be the middle range players who get squeezed more."

True, but middle range players can be difference makers. They won't be transformative players who change bad to good just by their presence, but with the right other pieces they can have an impact on winning. (If Miami had a few more good middle range players they might be able to beat teams with above .500 records.) On a rebuilding team like the Wiz, such players can provide steady production and influence, on the court and in the locker room and be factors in close games.

"I do think the Wizards are playing it smartly, and they will stand to benefit, but I don't think any studs are going to fall into their laps."

Posted by: ts35 | February 28, 2011 6:13 PM

Which might be relevant if anyone had said anything about "studs fall[ing] into the their laps." But no one did. He said "quality players." Huge difference. The Wiz could be in a position to get their hands on some good 2nd tier guys that capped out teams are forced to let go despite valuing them as contributors.

Posted by: kalo_rama | February 28, 2011 7:17 PM | Report abuse

What? Bibby doesn't want to stick around and watch the playoffs on TV this year with the "Big Three": YaFail McGee, Andre Botch, and Nick Dung? Shocker.

When a respected NBA veteran like Bibby bails -- sacrificing millions -- to avoid playing with a team, that should speak volumes.

Blow the team up: get a real coach and bring in some D-league all-stars and euros to replace the Big Three and friends.

Posted by: broadwayjoe | February 28, 2011 8:01 PM | Report abuse

And I quote---
put the wizrads and 'skins on the same boat and ship 'em to anywhere but DC. Its a sad state when the nation's capital is represented by these pathectic excuses for sports franchise.

Posted by: aginsburg | February 28, 2011 2:16 PM
And respond,let's forget that you can't spell-- re: pathectic for pathetic (now that's pathetic),wizrads for wizards,and put aginsburg on a raft and ship him to Cuba,if you are that fair weather of a fan hit the raft and get the hell out of here,off of the site and onto greener pastures,who needs you or your type,go,get lost,shut up,who need you,through thick and thin good times and bad true DC fans are true to their teams,and you sir are true to nothing so since you hate OUR teams so much go find some others and ZIP IT SHUT.Now,onto the trade this is wonderful news,from the start Bibby made it known he wanted a buy out he got it,and it looks like we got out on pennies to the dollar,win,win,win,more cap space,1st round pick for next year and one from this year and Evens is no slouch,solid vet,good 3 point shooter and again solid vet will mentor the younger players and pretty much fill that void left open when the traded Kirk,if we can trade him too fine,if not he will be a solid presence,again win,win. To all of you crying about a young team,all you do is cry, you want the team to rebuild and be string yet expect this to happen overnight,idiotic,simply dumb.Sure let's be NY,overpay for so-called superstars that can't play together,even if they find a way for how long,get real,I'll take Ted's way and for that matter the Nationals current way any day of the week. In 2-4 years when both of these teams and likely the Redskins by the way they are starting to do things (if they wake up and dump Fat Albert) will be strong for years and years to come,then these same negative critics will be telling us all how THEY told us so,what a pack of BS,be a fan or be a critic but don't pretend to be both,you are what you are ad you know who you are,so keep up your self anointed importance and get ready to bend over when you are proven wrong and you WILL be proven wrong.GO Wizards,SKINS,Nats,& Caps,build your teams right and make us all proud again.

Posted by: mfowler1 | February 28, 2011 8:47 PM | Report abuse

Cap space means nothing if no one wants to come here. The Wiz are becoming like the Orioles under Sid Thrift. If a 2d/3rd rater like Bibby will give up millions just to avoid this team, exactly who is going to come here? Who wants to play for Flip?

Posted by: gbooksdc | February 28, 2011 9:05 PM | Report abuse

I do think the Wizards are playing it smartly, and they will stand to benefit, but I don't think any studs are going to fall into their laps.
Posted by: ts35

----

exactly

Posted by: MinuMang | February 28, 2011 9:35 PM | Report abuse

"There's no defensible argument that Mike Bibby's presence or absence will have any measurable effect on the Wizards' win/loss record."

1. Bibby = player efficiency rating of 10 and some change.

Shakur = player efficiency rating of 5 and some change.

Bibby > Shakur

2. The differential only is likely to come into play in close match-ups (e.g. Wizards against another bad team). The Wizards play 8 more match-ups against teams with sub .375 winning percentage.

3. Based on these considerations I can say with a 95 percent level of confidence that Bibby's presence's would have improved the Wizards final record by +2 to +3 more wins above what it is now likely to be.

4. + anything = measurable difference.

5. "defensible argument" is question of semantics.

Posted by: JPRS | February 28, 2011 10:21 PM | Report abuse

Why should Leonsis entrust the future of his franchise to Grunfeld who has done nothing during his tenure to ensure a sustained improvement of the team? In fact, Grunfeld's decisions have resulted in the sorry state that the franchise is currently in right now, nevermind the total lack of player management to prevent issues like guns, hookers, club fights, etc. from staining the franchise. When the season ends, Leonsis should "thank" him for his service and show him the door.

Posted by: DC_MAN88 | February 28, 2011 10:29 PM | Report abuse

Not really pressed that Ilgauskas, Gooden or Bibby didn't want to play here. At this point in their careers, they were all second tier players and [with the possible exception of Z] wouldn't even crack the starting lineup of the Wizards. I AM impressed that we managed to get $20 million under the current salary cap so quickly.

The balance of power in the NBA is gradually shifting to the Eastern Conference. Players WILL want to play for DC because we are in the most competitive division in the league. Miami, Orlando, Atlanta and possibly Charlotte are going to the playoffs.

We are a quality power forward and a veteran center away from being competitive. There will be quality free agents and/or draft choices who will be attracted to playing in DC for big $$$$'s.

Posted by: musicmanjr | February 28, 2011 10:30 PM | Report abuse

All the money in the world won't mean much if we can't turn it into wins on the court.

And I agree with DC_MAN88, the cleanup of this franchise won't be complete until Ernie is gone. The facts are that the Wizards have been a very dysfunctional organization under his watch. Sure he got us to the playoffs twice and there were some entertaining ball played by the players he brought here. But it's been ages since those days of "Hibachi". He and Flip need to go.

Posted by: tundey | March 1, 2011 9:06 AM | Report abuse

I agree with DC_MAN88. Grunfeld needs to go. You can save all the money you want. The fact is no star wants to play in DC. John Wall is probably counting the days until he can leave and play for a real team. The Wiz are a joke. At least I have the memories of Hayes,Unseld,Dandridge and a Washington team you could watch without getting sick.

Posted by: Boogadiggy | March 1, 2011 11:34 AM | Report abuse

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