by Andrew on Mon Oct 06, 2003 12:29 pm
As TA3 said, sometimes it's to free up cap room. By agreeing to buyout a player's contract, a team can often free up cap room (or work towards freeing up cap room) much sooner than if they simply waited for the player's contract to expire.
It's also an easy way of allowing a player to move on if he doesn't fit into their plans. Mutombo would have been difficult to trade - not only would teams be wary of giving up a good player for a good but aging one, his large salary would have made it difficult to work out a fair deal.
Buyouts are also a way of giving veterans nearing the end of their careers a chance to sign with a contender, at the same time benefiting the team with cap relief.