The NBA's amnesty clause includes a mechanism under which teams with cap space can bid on waived players' contracts.
Nov 27, 2011 - The NBA amnesty clause agreed to in the lockout deal reached Saturday is even crazier than once believed. Sam Amick of SI.com published the memo officially outlining the deal for teams, and Cowbell Kingdom's James Ham noticed something in the amnesty rundown previously undisclosed.
A modified waiver process will be utilized for players waived pursuant to the Amnesty rule, under which teams with Room under the Cap can submit competing offers to assume some but not all of the player's remaining contract. If a player's contract is claimed in this manner, the remaining portion of the player's salary will continue to be paid by the team that waived him.
What that seems to mean: if the Portland Trail Blazers waived Brandon Roy, teams with cap space -- like the Sacramento Kings and Indiana Pacers -- could put in silent bids to take over a portion of Roy's contract, with the biggest bid getting his services. The entire contract would be wiped off Portland's cap sheet, and the Blazers would be responsible from the difference in Roy's contract and the winning bid in actual salary paid out. The bid amount (say it's 50 percent for the Pacers) would then be paid by the winning bidder, and that amount would also go on that team's cap sheet.
This is a pretty incredible wrinkle for everyone involved. These things could turn out like blind baseball trades.
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NBA Amnesty Clause Includes Auction For Waived Players
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Comments
Good lord...
Crazy amount of talent coming for cheap to teams below the salary cap.
No real point to bid just a little bit more than the minimum since the other team picks up the rest.
by ap3604 on Nov 27, 2011 8:04 PM EST reply actions
the only point is to get the player
If there’s more than one team that wants him.
by Billy Frijoles on Nov 28, 2011 9:17 PM EST up reply actions
How are years being handled?
What if a team submits a bid for 1 year of Roy’s services, and the total value is above other team’s multi year value? What if it’s below, but per year it’s above?
by MyNetsForLife on Nov 28, 2011 12:19 AM EST reply actions
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