nba amnesty clause Archives

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

July 6, 2012 By paulmbanks Leave a Comment

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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NBA Free Agent Signings: Gasol, Nene, Crawford, Hamilton

December 15, 2011 By Bill Burke Leave a Comment

The 2011 NBA Free Agency frenzy has continued the past couple of days as big men Marc Gasol and Nene re-signed with their respective teams. Meanwhile, a pair of shooting guards are changing addresses as Jamal Crawford signs with the Blazers and Richard Hamilton is headed to the Chicago Bulls. Here is my breakdown of those moves and a few others:

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

December 9, 2011 By paulmbanks 2 Comments

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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