The Trail Blazers are nearing an agreement to buy out Shawne Williams' contract, tweets SI.com's Sam Amick. Williams, who was traded to Portland earlier this year, exercised his player option worth $3.135MM, which keeps him under contract for one more years with the Blazers.
If the Blazers and Williams agree on a buyout, the team will have the opportunity to spread the cap hit for the deal over the next three seasons under the NBA's stretch provision. An agreement would likely give Portland a couple million more dollars to work with in free agency.