Rashard Lewis bought out by Hornets

Sunday July 1st, 2012

Rashard Lewis, who averaged just under eight points a game this season was bought out by the Hornets, making him a free agent. (Barry Gossage/NBA/Getty Images)

Forward Rashard Lewis, recently traded from the Washington Wizards to the New Orleans Hornets, was bought out Saturday, saving the Hornets millions in cap space.

Lewis will automatically become a free agent when it starts on July 1. Players can not signs deal until the 11th. New Orleans traded for Lewis before the NBA Draft, sending Trevor Ariza and Emeka Okafor to the Wizards.

Lewis, a two-time All-Star, signed a six-year, $118 million contract with the Orlando Magic in 2007 and his scoring average has gone down each of the past five seasons. He averaged 7.8 points in 28 games last season.

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide — from Peter King, Tom Verducci, Lee Jenkins, Grant Wahl, Andy Staples and more — delivered straight to you, along with up-to-the-minute news and live scores.