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Update:
Adrian Wojnarowski of ESPN reports that the buyout is complete and Faried will join the Houston Rockets.
Brooklyn's Kenneth Faried has agreed to a contract buyout with the Brooklyn Nets, clearing the way for him to sign a free agent deal with the Houston Rockets, league sources tell ESPN. Faried expected to be waived on Saturday and clear on Monday.
— Adrian Wojnarowski (@wojespn) January 19, 2019
The Rockets will have until Monday to clear a roster spot for Faried. He's expected to move into the Rockets lineup with significant minutes immediately with absence of Clint Capela, league sources said. https://t.co/fE0GsWcjUW
— Adrian Wojnarowski (@wojespn) January 19, 2019
Brooklyn Nets forward Kenneth Faried is angling for a contract buyout which would make him an unrestricted free agent, according to Shams Charania of The Athletic. The veteran rebounder has appeared in only 12 games for the Nets this year. This is his inaugural season away from the Denver Nuggets, the team for which he played his first seven years.
Brooklyn forward Kenneth Faried is in advanced discussions on a contract buyout to enter free agency, league sources tell @TheAthleticNBA @WatchStadium.
— Shams Charania (@ShamsCharania) January 19, 2019
Faried is averaging 5.1 points and 3.7 rebounds in 9.8 minutes per game for the Nets, shooting a career-high 59.5% from the field. He is scheduled to make $13.7 million this season. A buyout would allow other teams to sign him for the veteran minimum salary.