Report: Charlotte Hornets reach buyout with Marvin Williams

Williams will be able to sign with a contender for the remainder of the 2020 NBA season.

UPDATE: According to Shams Charania of The Athletic, Williams will sign with the Milwaukee Bucks. 

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Marvin Williams' days as a Charlotte Hornet are coming to an end.

According to a report Friday night from ESPN's Adrian Wojnarowski, the veteran forward and the Hornets have reached an agreement on a buyout of his contract. Williams was in the fifth and final year of his contract with the Hornets.

The move makes Williams, 33, a free agent and will allow him to sign with a contender. Williams has never won an NBA title and said earlier this season that he had thought about retirement.

Whichever team lands Williams, they'll be getting a versatile forward who can stretch the floor, rebound and defend. Williams has long been an excellent teammate and a positive influence on the locker room too.

Marvin Williams is a rarity -- a buyout guy good enough to actually help a good team. Think Utah, Boston, Houston could all really use him.

— John Hollinger (@johnhollinger) February 8, 2020

The Rockets, Lakers and Heat could sign Williams and offer him a contract ranging from $1.35 million to $2.85 million.

For the Hornets, a team in a youth movement and rebuild, Williams' calming veteran presence is what they'll miss.

NO!!!!!!!! https://t.co/qIIo3kFUWe

— Miles Bridges (@MilesBridges) February 8, 2020

There is certainly interest for Williams out there among other NBA teams. It was reported earlier this season that team's were monitoring his availability for a trade.

Williams has played in 41 games this season, coming off the bench in all but one. His usage is at a career-low, as he's playing just 19.7 points per-game. That statistic, however, is not totally representative of Williams' skill-set, but rather the motives of Hornets' head coach James Borrego this season, who has opted to give minutes and chances to younger players.

The 6-foot-8 UNC product is averaging 6.7 points and 2.7 rebounds per-game this season, but he's shooting a solid 37.6 percent from three-point range and a stellar 86 percent from the charity stripe. Williams is also shooting an outstanding 51.6 percent on corner three-pointers.

Williams entered the league as the second overall pick by the Atlanta Hawks in 2005. He spent two seasons in Utah before signing with the Hornets as a free agent in 2014.