Found November 27, 2011 on ajc.com:
PLAYERS: Sam Amick
TEAMS: Atlanta Hawks
SI.com’s Sam Amick obtained details of the principal agreement between NBA owners and whatever-the-current-union-group-is-called. The full document is here. It looks like the cap and tax levels will remain about the same: $58 million and $70 million, respectively. As noted previously, this doesn’t leave the Hawks much room to add salary below the tax threshold since they have about $65 million in guaranteed salary committed to seven players and must add at least six more. There is an amnesty provision in the (tentative) deal, to be used one time over the life of the CBA (10 years, or six if either side decides to opt out). It can be used only on existing contracts and will allow 100 percent of the players’ salary to be removed for cap and tax purposes. The “stretch” provision, which would allow a waived players’ payments and cap salary to be spread out beyond the length of the contract, will be available only for new contracts. My reading of the agreement suggests the amnesty …
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