Source: Ben Gordon near buyout

Updated: February 21, 2014, 6:49 PM ET
ESPN.com news services

The Charlotte Bobcats and Ben Gordon are closing in on a buyout agreement that will make the veteran guard a free agent, a source close to the situation told ESPN.com's Ramona Shelburne.

The 30-year-old Gordon is under a $13.3 million contract for this year after the team picked up his option for 2013-14 in June. He would become a free agent as soon as a buyout is completed and he clears waivers.

Gordon, whose tenure with the Bobcats begain in 2012-13, has seen limited minutes in recent weeks, averaging 5.3 points in 14.4 minutes per game this season.

He likely doesn't fit into the Bobcats' immediate plans in the wake of the team's trade on Thursday for guards Luke Ridnour and Gary Neal from the Milwaukee Bucks.

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