76ers amnesty Elton Brand, will Bulls do the same with Boozer?

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The Philadelphia 76ers will release former All-Star Elton Brand under the league’s amnesty clause, according to ESPN:

The move to release Brand will be necessitated by the expected signing of free-agent guard Nick Young and the planned re-signing of center Spencer Hawes.

Teams that did not use their one-time amnesty clause last season can waive one player via the amnesty provision between July 11-17 and see that player’s contract figures vanish from the team’s payroll for salary-cap and luxury-tax purposes.

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Magic Waive Gilbert Arenas with Amnesty Clause; Pistons Cut Rip Hamilton

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The new Amnesty Clause in the NBA labor agreement update claimed it’s first ever victim today. Gilbert Arenas of the Orlando Magic. Yes, “Hibachi,” “Agent 0,” or as I call him “shooty mcshootington” or “gunsy mcgunsington” walks away from the Magic with a cool $60+ million; without having to do a thing.

The Magic get to take his albatross of a contract off their salary cap hit. Now, with the new rule in place teams under the cap will be able to bid on him. If there are no bids, he simply becomes an unrestricted free agent.

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