6:27pm: Green has officially been waived, according to the NBA transactions log.
10:51am: Danny Green will become a free agent after reaching a buyout agreement with the Rockets, tweets Shams Charania of The Athletic.
The Cavaliers and Celtics are considered the frontrunners to sign Green, with the Lakers and Suns involved as well, sources tell ESPN’s Adrian Wojnarowski (Twitter link). Green must clear waivers before he can join another team.
Cleveland, Boston, L.A. and Phoenix are all in need of wing depth, and Green will bring a strong playoff pedigree to whomever is able to land him. The 35-year-old has three championship rings and was part of L.A.’s title-winning team in 2020.
Green was sent from Memphis to Houston on Thursday as a salary-matching piece in a three-team trade that also involved the Clippers. He is making $10MM this season on an expiring contract.
Green spent most of the season recovering from an ACL tear and didn’t play at all until February 1. He averaged 14.3 minutes in three games with the Grizzlies and hasn’t suited up for the Rockets since the trade.