Report: Mike Bibby Bought Out by Wizards While Celtics, Heat Serve as Potential Suitors

The wait is over for Mike Bibby's buyout.

The Wizards bought out Bibby's contract on Monday, according to ESPN.

The move comes less than a week after trading Kirk Hinrich for the 12-year veteran point guard, and it was all but a foregone conclusion that he would be bought out.

The move now puts Washington $20 million beneath the salary cap for next year, as Bibby gave up his entire $6.2 million salary as part of the deal, according to ESPN.

The Heat, Celtics,and Trail Blazers are reportedly interested in Bibby, who recently voiced his desire to play for a title contender.