The Sacramento Kings and guard Jimmer Fredette are finalizing a buyout agreement on his contract, league sources told Yahoo Sports.

Fredette, the 10th overall pick in the 2011 NBA draft, will be a free agent should he clear NBA waivers.

The Kings tried to move Fredette before Thursday's trade deadline, but were unable to find a destination for him. Fredette had been one of college basketball's most prolific scorers at BYU – scoring 2,599 points in his career – and earning consensus honors as college basketball's player of the year in 2011.

Nevertheless, he has struggled to find his niche with the Kings. Still, there are expected to be several teams with interest in signing him for the rest of the season, league sources said.