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

gilbert-arenas-guns

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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