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."
While the earliest Z can resign with the Cavs is March 21st (the Cavs play Detroit at home that evening), he can make his intentions known once he's a free agent. Word is Denver and Atlanta will make a push for Z, but I really can't imagine that the big fella would end up anywhere but back home.
For what it's worth, Z finalizing his buyout is now officially my second favorite birthday NBA transaction.
The first? The Cavs acquired this guy on the day I turned five:
Also, I share a birthday with both George Harrison and Kurt Rambis. This makes me about 10% cooler than you.
The Cavs would really top off my day with a win over the Paul Pierce-less Celtics tonight.