Built Ford Tough Posted October 20, 2011 Report Share Posted October 20, 2011 Under the league’s amnesty proposal, sources say teams would be able to waive a player and have up to 75 percent of his contract removed from the cap and tax, with the remaining balance amortized against the cap over the number of years left on the contract. The player would still be paid 100 percent of the guaranteed money owed; this would be an NFL-style cap management tool to help teams adjust to the new system. So, let’s do a hypothetical. Lets say, maybe, the Orlando Magic want to dump Gilbert Arenas‘ and his bloated contract. Hypothetically. According to Sham Sports numbers, Arenas is owed $62,432,762 total over the next four years. If the Magic used the amnesty clause, Agent Zero would be a free agent (but still get his money), while the Magic could wipe three-quarters of his salary off the books. The remaining $15.6 million would be spread over four year years, for an annual cap hit of $3.9 million. http://probasketballtalk.nbcsports.com/2011/10/20/report-details-of-proposed-amnesty-clause-leaked/ I like it, but there absolutely must be a rule where you can't amnesty somebody and then turn around and sign them a month later or something. They shouldn't be able to re-sign any player that they amnesty for something like a full calender year. I'd rather a bit more than 25% of the deal count against the cap as well so that there is a bit more punishment for using the clause on a player, but I can get on board with that with no problems. Quote Link to comment Share on other sites More sharing options...
Check my Stats Posted October 20, 2011 Report Share Posted October 20, 2011 If there is an amnesty I hope it is because the system is being overhauled. If the system is the same (more or less) and teams are getting an amnesty, then that just sucks. Quote Link to comment Share on other sites More sharing options...
Owner Real Deal Posted October 20, 2011 Owner Report Share Posted October 20, 2011 Good. It needs to be done. The idea that 25% of it will still count against the cap is fine, too, but I'm not sure if I like the fact that they spread it out over the course of the former contract. That really makes it VERY easy for owners to recover from it, despite the 25%. Suddenly, the crippling $20 million that prevents these owners from signing a big-name player turns into $4-5 million that season, every season, for 4-5 years...and, well, that means they'll open up $15 million every season. But, something is better than nothing. Quote Link to comment Share on other sites More sharing options...
fish7718 Posted October 20, 2011 Report Share Posted October 20, 2011 I hope this is like a 1 time every 5 year thing too. I can see teams like the Knicks giving out large contracts and knowing they have an amnesty clause to fall back on if it doesn't pan out. It sort of encourages risky signings. I don't know if I like that... Quote Link to comment Share on other sites More sharing options...
Universe Posted October 21, 2011 Report Share Posted October 21, 2011 Is this a once a year type thing? I would say I feel bad for Travis Outlaw but he'll be cut with full pay check then sign another pay check somewhere else. Can't beat that. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.