Troy Murphy was scheduled for separate phone calls on Monday with Pat Riley and Danny Ainge.

Both the Heat and Celtics are attempting to sign Murphy.

Sources indicate Murphy is "still torn" in trying to choose between the two teams.

The Bucks are expected to sign Earl Barron to a 10-day contract on Tuesday.

Barron was also receiving interest from the Knicks, but the team instead decided to sign Jared Jeffries.

Mike Bibby has agreed to a buyout of his entire 11-12 salary worth $6.2 million and will likely sign with the Heat after clearing waivers.

"He sacrificed some money in order to win a championship," said David Falk, Bibby's agent. "Once you're past 10, 11 years in the league, you want to be in a situation where you can win. He's got some attractive options open to him."

The Lakers, Celtics and Blazers are also interested in Bibby.

The Knicks have decided to buyout Corey Brewer, who was acquired last week from Minnesota.

The Celtics, Spurs, Mavericks and Thunder are all interested in Brewer.

A team official tells Frank Isola that Jared Jeffries will sign with the Knicks once he clears waivers on Tuesday.

Jeffries will not be eligible to play until Wednesday.

Among the candidates to be released by New York to open up a roster spot are Roger Mason Jr., Shelden Williams and Renaldo Balkman.

Jeffries is a defensive forward whom Mike D'Antoni utilized abundantly in his first stint with the Knicks.

The Wizards and Mike Bibby have agreed to a buyout, which was formally announced by the team on Monday afternoon.

Marc J. Spears reports Bibby will give up his entire $6.2 million salary for the 11-12 season.

Bibby is expected to receive interest from the Heat, amongst other playoff contenders.

Mike Bibby has agreed to a buyout with the Wizards.

The Heat will pursue his services to upgrade the point guard position.

Carlos Arroyo has fallen out of the rotation and Mario Chalmers remains inconsistent.

Troy Murphy has reached an agreement on a buyout with the Warriors, which is expected to be finalized on Monday.

Murphy is expected to choose between the Celtics and Heat after clearing waivers, according to Marc Stein. The Lakers and Knicks have not inquired about Murphy.

Portland also expressed interest, but the Celtics appear to be the favorite.

The Hornets will wait for the NBA's new collective bargaining agreement before they assess Chris Paul's future with the team.

"I think with Chris, until there is a new agreement with the players association, I think it's difficult to say what's going to tactically work," New Orleans president Hugh Weber said. "It may be a totally different landscape."

The Hornets cannot begin extension discussions with Paul until this summer. However, if a lockout occurs, no discussions can start until a labor agreement is reached.