Posted at 8:30 a.m., Wednesday, July 11, 2007
NBA: Blazers buy out remainder of Francis' contract
Associated Press
PORTLAND, Ore. — The Portland Trail Blazers have agreed to terms on a buyout with guard Steve Francis, who was acquired in a draft night deal with the New York Knicks.Francis, who was due $34 million over the final two years of his contract, was expected to clear waivers and become an unrestricted free agent.
The terms of the buyout with the Trail Blazers were not released. The deal was confirmed by the Washington office of Francis' longtime agent, Jeff Fried.
The Blazers acquired Francis and Channing Frye from the Knicks in exchange for Zach Randolph, Dan Dickau and Fred Jones on June 28.
Francis averaged a career-low 11.3 points for the Knicks last season.
