Fredette expected to agree buyout with Kings on Thursday.
The Chicago Bulls and Cleveland Cavaliers are reportedly keeping tabs on Sacramento Kings sharpshooter Jimmer Fredette as he closes in on a buyout agreement.
Fredette is expected to agree on a buyout on Thursday, and will then clear waivers before becoming a free agent, one who appeared destined for a move to the Memphis Grizzlies.
However, they instead opted for former New York Knicks point guard Beno Udrih, as ESPN sources suggested that they were given the impression that Fredette was exploring options elsewhere.
The former BYU star must complete a move by Saturday’s deadline in order to remain eligible to feature in the playoffs for his new team, and it is understood that the third-year shooting guard is close to agreeing a deal with an Eastern Conference outfit.
The Bulls have been restricted by luxury tax concerns this season, but they have seemingly identified Fredette as a realistic target which will allow them to remain under the threshold.
Chicago are said to be roughly $600,000 below the luxury-tax threshold, and believe that they can sign a player on a pro-rated minimum contract and still manage to avoid going down as a tax team at the end of the season.
Meanwhile, Cleveland’s ambitions of signing the 25-year-old arguably depend on the fitness of Dion Waiters and C.J Miles who are currently ruled out with ankle and knee injuries respectively.
They are likely to receive clarification on Thursday as to when the duo are likely to be in a position to return to competitive action, which would appear to give Chicago the head-start in acquiring Fredette for the final stretch of the regular season where they will hope to secure their place in the playoffs.