Found July 19, 2013 on
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Seeking additional salary flexibility in the future, the Milwaukee Bucks used the amnesty clause on veteran forward Drew Gooden, the team announced Tuesday.
Gooden became the 20th National Basketball Association player subject to amnesty since the provision was adopted in the collective bargaining agreement signed in 2011.
The 31-year-old Gooden still will be paid the $13-plus million remaining on the five-year, $32 million deal he signed in the summer of 2010.
But under the amnesty procedure the Bucks will be able to wipe that $13 million from their salary cap, including $6.7 million for next season. Two years remained on the deal.
The provision is limited to players signed under the previous collective bargaining agreement. Players also had to be on a team's roster under the former collective bargaining agreement to be eligible for amnesty.
The deadline for using the amnesty clause this year was 11 p.m. Tuesday, and the Bucks took action to waive Gooden on the final day.
BEST OF MAXIM
ST. FRANCIS, Wis. -- There are a lot of words that can be used to describe Nick Van Exel's NBA career, but future coach probably didn't come up too often in conversations about the former point guard.
With a brash personality and a reputation as a bit of a bad boy as a player, Van Exel had multiple incidents as a player that probably didn't scream future coach at the...
The Milwaukee Bucks and forward/center Drew Gooden have gone their seperate ways as he was waived by the amensty clause set forward in the NBA. Gooden still has some NBA value and should find himself on a contenders bench somewhere in the league.
The post Milwaukee Bucks Waive F/C Drew Gooden appeared first on FFLockerRoom.
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As midnight passed, so did the deadline for NBA teams to waive players via the amnesty clause. Two teams, the Miami Heat and the Milwaukee Bucks snuck in a couple of cuts before the deadline: Mike Miller and Drew Gooden.
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