Sources: Hornets buying out 2012 No. 2 pick Michael Kidd-Gilchrist

The Charlotte Hornets are finalizing a buyout with forward Michael Kidd-Gilchrist, sources tell ESPN's Adrian Wojnarowski and Tim MacMahon.

The Dallas Mavericks have emerged as a possible destination once Kidd-Gilchrist clears waivers, sources said. The Hornets waived Kidd-Gilchrist on Saturday.

Kidd-Gilchrist, 26, was the No. 2 overall pick by the then-Bobcats in the 2012 draft. He has played his entire eight-season NBA career in Charlotte.

He is averaging 4.0 points and 2.9 rebounds in 12 games this season. He has career averages of 8.6 points, 5.5 rebounds and 1.2 assists in 433 games.

The Hornets have already completed a buyout of Marvin Williams and waived him Saturday. Williams is expected to sign with the Milwaukee Bucks once he clears waivers.