Tyronn Lue, shipped to Sacramento in the Mike Bibby trade last month, has been released by the Kings, according to the Sacramento Bee.

"It was an amicable and equitable settlement," Andy Miller, Lue's agent, said. "I just appreciate the way (Kings' basketball president) Geoff (Petrie) was willing to work with us under the circumstances."

Lue still has time to sign on with a team and remain playoff eligible.