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Wizards, Mike Bibby’s agent to meet, talk buyout

Feb 28, 2011, 11:15 AM EDT

Mike Bibby Wizards

Well, Mike Bibby, just how badly do you want to go to a contender? Or, to be blunt, how many millions are you willing to give up to go to a contender?

The Wizards — who acquired Bibby at the trade deadline as part of the Kirk Hinrich deal — don’t really plan to buy Bibby out and let him sign with a contender. But they are going to talk, according to Michael Lee of the Washington Post.

According to a person with knowledge of the situation, Bibby’s agent, David Falk, plans to meet with Wizards President Ernie Grunfeld on Monday to discuss a possible buyout. The person requested anonymity because of the sensitivity of the negotiations.

The two sides have had preliminary discussions, according to two league sources, but no formal proposals have been made. Bibby makes $5.8 million this season and is on the books for $6.4 million next season. Bibby would have to sacrifice a lot of money and get waived by Tuesday in order to be eligible to join a playoff team this season.

Bibby is not a terribly effective point guard anymore, but he can knock down the three and would make a good backup in Boston, or maybe a starter in Miami. There is interest. He would land somewhere for the veterans minimum, but he’s going to have to give up a lot of money to get there.

So Bibby, how badly do you want out of Washington?

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