Granger, 30, was traded to Philadelphia last week in a deal that sent Evan Turner and Lavoy Allen to Indiana. The 2009 All-Star and Philadelphia reached an agreement to buy out the remainder of his $14 million salary on Wednesday. For Granger, the decision to seek a buyout wasn't simple. While his preference clearly was to play for a contender, he had to weigh the opportunity that playing for Philadelphia would offer him. With the lottery-bound Sixers, Granger, a free agent at the end of the year, would have had the opportunity to put up numbers that would help him secure a long-term contract next season.
Ultimately, Granger elected to seek a buyout. After missing all but five games last season with a knee injury, Granger has been slow to bounce back this season. In 29 games, Granger is averaging 8.3 points on 35.9 percent shooting.
Granger -- who will be eligible to play for another team in the playoffs -- will have options. The San Antonio Spurs and Los Angeles Clippers are considered the favorites, according to league sources, along with Houston, Miami, Oklahoma City, and Chicago. The Spurs have been searching for quality depth behind rising star Kawhi Leonard while the Clippers have been hoping to acquire more perimeter scoring before the playoffs.
Granger was a key player during Indiana's 2012 playoff run, averaging 17.0 points in 38.2 minutes per game in 11 games.
NBA.com and Yahoo! Sports first reported Granger and Philadelphia had reached a buyout agreement.