Sixers reach buyout agreement with Danny Granger

Sixers reach buyout agreement with Danny Granger

February 26, 2014, 6:00 pm
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Danny Granger averaged 8.3 points and 3.6 rebounds this season for Indiana. (AP)

And just like that, the Danny Granger Era in Philadelphia is over.

As expected, the Sixers and Granger reached an agreement on a contract buyout. The team announced the deal on Wednesday afternoon before the Sixers took on the Orlando Magic at the Wells Fargo Center.

The terms of the deal were not disclosed.

Granger was acquired by the Sixers last Thursday at the NBA trade deadline in a deal that sent Evan Turner and Lavoy Allen to the Indiana Pacers. The Sixers also received a second-round pick in the 2015 draft.

The buyout deal comes just in the nick of time for Granger. After his contract was bought out, Granger was placed on waivers, and he has 48 hours to clear waivers before he can sign with any team in the league.

According to Sixers general manager Sam Hinkie, Granger will get through waivers on Friday afternoon, which gives him plenty of time to reach an agreement with another team before the March 1 deadline to set playoff rosters.

Granger is reportedly getting interest from San Antonio, Los Angeles Clippers, Chicago, Miami and Houston. 

Meanwhile, the Sixers are left with just a second-round pick in 2015 for Allen and Turner, the former No. 2 overall pick in the draft. The acquired pick likely will be one of the last few picks in the draft given that the Pacers are contenders to represent the Eastern Conference in the NBA Finals. Interestingly, the Pacers’ rise in the conference has come at a time when Granger hasn’t contributed as much.

An All-Star in 2008-09, Granger averaged 21.6 points per game over five seasons from 2007-08 to 2011-12. However, a left knee injury limited Granger to five games in 2012-13 and 29 this season. Averaging 22.5 minutes per game — down from the 36 minutes per game he averaged in his All-Star year — Granger averages 8.3 points and 3.6 rebounds per game.

“His accomplishments and accolades to this point of his NBA career more than speak for themselves, so I would like to express that I have a great deal of respect for Danny Granger as a person,” Hinkie said in a statement. “The manner with which he carried himself throughout this process was professional, courteous and respectful, and speaks volumes about his character.

“Following the completion of the trade on Thursday night, Danny traveled to Philadelphia and we had an opportunity to meet with him here. These were in addition to the open lines of communication with his agent Aaron Mintz and CAA while we worked through the next steps.

“Given Danny's future goals and his desire to pursue them, we worked to fulfill his requests and have come to a resolution that we feel is mutually beneficial to both Danny and our organization.

“We wish Danny the best in the next phase of his career.”