Chicago gains roster spot, cap room
CHICAGO -- Jay Williams, who played one season with the Chicago Bulls before a motorcycle accident put his NBA career in jeopardy, and the team agreed on a contract buyout Monday.
Bill Duffy, Williams' agent, said the buyout was in the $3 million range. Williams had two more years worth about $7.7 million left on his original deal.
"No question it's more than fair," Duffy said. "Usually when you cut a deal it hurts both parties, but this is great for both parties."