Sources: Bulls, Cavs interested in Fredette

The Chicago Bulls and Cleveland Cavaliers are the latest teams to register interest in free agent-to-be Jimmer Fredette, according to sources close to the process.

lastname Fredette Fredette has spent the week in buyout negotiations with the Sacramento Kings that are on course to be completed in advance of the Saturday midnight deadline to make the former BYU star eligible to appear in the playoffs with another team.

Fredette's buyout could be finalized as soon as Thursday, sources told ESPN.com.

And Fredette's representatives have already commenced talks with interested teams, with one source saying that the third-year shooting guard is giving strong consideration to signing with a playoff team in the East.

ESPN.com reported earlier this week that the Memphis Grizzlies were pursuing Fredette, but the Grizzlies bowed out Wednesday, claiming former New York Knicks guard Beno Udrih off waivers when they sensed Fredette preferred other options.

The Bulls have been handcuffed all season by luxury-tax concerns but, according to sources, quickly threw themselves into the Fredette mix after it became apparent this week that the sharpshooter would be parting company with Sacramento.

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