Minnesota Timberwolves’ Amnesty Options

luke-ridnour

In the aftermath of the infamous labor talks between the NBAPA and the owners, there is an interesting clause in the new CBA. The amnesty clause.

The amnesty clause is similar to waivers, in that a team releases a player and has to pay out the remainder of the contract. But in the case of the amnesty waiver, the player’s contract doesn’t count against his former team’s salary cap.

This money can be used to avoid salary cap penalties or to sign free agents. This clause is often referred to as the “Get Out of Jail Free Card” for the owners. It allows for hideous contracts to be wiped clean off of the salary cap books.

In 2005, the Minnesota Timberwolves used their amnesty clause waiver on Fred Hoiberg. In 2011, the question is, who or what should the Timberwolves do with their amnesty clause. [Read more…]