A buyout agreement between guard Jay Williams and the Chicago Bulls is expected to get done within the next month.

"There are always two sides where you obviously feel really badly for Jay, and we still do," general manager John Paxson said. "But there comes an issue of us moving forward. There are issues of dollars and [luxury] tax. That part may sound insensitive, but that's more the reality for me than anything."

Williams was injured in a motorcycle accident on June 19 which caused severe injuries to his left knee ligaments and pelvic area, as well as nerve damage. He has been undergoing treatment and rehabilitation in Durham, N.C.