The Houston Rockets reached a buyout settlement on Tuesday with point guard Ty Lawson pending league approval, according to a source.
NBA teams have to release players by Tuesday in order for them to become eligible to sign with another team and participate on a playoff roster.
Houston acquired Lawson last summer from the Denver Nuggets, giving up its 2016 first-round pick and four backup players. In the last three games, Lawson participated in just 5.5 minutes per game, and in the last 10 games, he shot 32.4 percent.