Originally posted on Hoopinion  |  Last updated 11/27/11
Assuming the new CBA gets ratified by both players and owners, it will contain the following amnesty provision: Each team permitted to waive 1 player prior to any season of the CBA (only for contracts in place at the inception of the CBA) and have 100% of the player’s salary removed from team salary for Cap and Tax purposes. Salary of amnestied players included for purposes of calculating players’ agreed-upon share of BRI. 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. The Hawks are in a pretty terrible position with regard to the salary cap: about $7 million over the cap (counting neither the unguaranteed deals to Pape Sy and Magnum Rolle nor cap holds for the...
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