Houston Rockets, Ty Lawson Agree on Buyout

Ty Lawson

The Houston Rockets reached a buyout settlement on Tuesday (March 1) with point guard Ty Lawson, the team has announced (via ESPN).

The Rockets picked up Lawson last summer from the Denver Nuggets, in exchange for a 2016 first-round pick and four backup players.

His addition was supposed to free up ballhandling duties from team star James Harden, but instead, he was benched after just 11 games and hasn't lived up to expectations.

Despite being a main piece of the Nuggets' team, Lawson was traded due to his off-the-court behavior, which was also a concern for the Rockets. He was arrested twice last year for DWI, both of which resulted in two league-imposed suspensions this season.

While the Rockets didn't deal with any issues off-the-court, Lawson was unable to find rhythm on the court... like he did during his stint with the Nuggets.

NBA teams have until Tuesday to release players, in order for them to be eligible to sign with another team and participate on a playoff roster. It's currently unclear if any teams are interested in Lawson.