Since the Wiz had no interest in waiving him, Mike James is trying to get buyout completed today. It won't come close to Z's $1.5m payback.Michael Lee. UPDATE: The buyout has been completed. That was quick. UPDATE by Rook6980: And the official announcement by the Wizards. Update: From Michael Lee. Mike James may have been able to reach a buy out for as little as $150K. The team seemed to be pretty accommodating to Mike, considering the Ilgauskas payment.