Washington Wizards President Ernie Grunfeld announced today that the team has waived guard Mike James after coming to a mutual agreement on a contract buyout.
James appeared in four games for the Wizards this season, averaging 4.5 points and 1.3 assists. Overall, he averaged 9.3 points and 3.5 assists in 57 games with the Wizards after being acquired from New Orleans in a three-team deal that sent Antonio Daniels (from Washington) to New Orleans, a conditional draft pick (from Washington) to Memphis and Javaris Crittenton (from Memphis) to Washington on Dec. 10, 2008.