Buyout was worth about $3 million
CHICAGO -- The Chicago Bulls waived guard Jay Williams on Tuesday, two weeks after reaching a contract buyout with the guard whose career is in jeopardy following a motorcycle accident.
NBA rules require a player to be put on waivers after a team and the player make a settlement on their contract.
The buyout was worth about $3 million. Williams had two more years worth about $7.7 million left on his original deal.
"Jay's accident was tragic and unfortunate. ...
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