A contract buyout has been agreed upon between a player and his team. This development follows a significant trade that altered the team's dynamics. The player, a five-time All-Star, is expected to join a new team after clearing waivers.

His plans are known to someone familiar with his intentions, but he has not publicly disclosed this information. The buyout marks the end of a two-year period with his current team, which was unsuccessful in terms of playoff appearances. Further details about the situation are available from the source.

The player's potential new team is identified, and the process for him to join is outlined, assuming no other team claims him.