Michael Beasley released: Details on his buyout arrangement

SB Nation's Bright Side of the Sun has details on how Michael Beasley will be paid following his release from the Suns. The buyout arrangement will pay him as follows:

2013-14 contract reduced from $6 million to $4.66 million, a savings of $1.34 million on salary cap and wallet

2014-15 contract reduced from $3 million guaranteed to $2.3 million, which will be stretched per the CBA over three seasons at $766K per year

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