Sacramento Kings and Jimmer Fredette agree to buyout

In what had been expected for the past few days the Sacramento Kings have officially bought out the contract of Jimmer Fredette, placing him on waivers where after 48 hours, he’ll become an unrestricted free agent if he clears waivers.

"“This was a very tough decision, but we’re confident that the agreement reached today represents the most productive path forward, both for Jimmer and the Kings,” said general manager Dave D’Alessandro. “Echoing a sentiment that everyone who knows him appreciates about Jimmer, he’s a tremendous person and a consummate professional. We thank him for the meaningful contributions he made to the team and in the Sacramento community. On behalf of an entire organization, we wish him nothing but great success in the future.”"

Fredette was a prolific scorer with BYU and was the 10th overall pick in 2011 NBA draft, but never could get into a rhythm with the Kings who were unable to develop him into more than a bench player. He is averaging a paltry 5.9 points per game in 41 games this season.

Fredette could attract the attention of some of the top teams in the Eastern Conference, notably the Chicago Bulls, Miami Heat and possibly the Cleveland Cavaliers. Other teams who could pursue the former lottery pick include the Oklahoma City Thunder, San Antonio Spurs and the Memphis Grizzlies.