Found November 29, 2011 on
Things aren’t looking so good for Washington Wizards forward Rashard Lewis financially.
There are rumors the Wizards are going to release him and his $22 million per year salary when the NBA offseason officially begins. Normally, that wouldn’t matter because NBA contracts used to be guaranteed, but the new collective bargaining agreement has some stipulation that allows teams to wipe idiotic contracts like Lewis’ off the books completely.
On top of that impending loss, Lewis is trying to sell his Winter Park, Florida home and he’s willing to unload it for $500,000 less than he paid for it. Whoops!
Someone is going to make Lewis’ loss their gain. Pretty simply, this place is tight. It’s fully furnished and includes a cigar terrace, a gentlemen’s lounge with theater, 1,200-bottle wine room, and an outdoor living room and kitchen.
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Rashard Lewis’s agent, Tony Dutt, confirmed to Yahoo! Sports on Wednesday that the Wizards would not use the amnesty clause to waive his client.
The new collective bargaining agreement will contain a provision that allows teams to cut a player and have the entire salary removed from the cap. Lewis would appear to be a prime candidate to be released since he is two years removed...
Rashard Lewis is due a prorated portion of $21.1 million in 11-12 and $22.6 million in 12-13.
The Washington Wizards will not be using the amnesty clause on Rashard Lewis once the Collective Bargaining Agreement (CBA) is complete, according to Lewis' agent.
For those not caught up in the legal red tape that is the CBA, the amnesty clause gives NBA teams the opportunity to waive one player from their roster and not have his salary count against their cap. With many...
If we didn’t call this the amnesty provision the Gilbert Arenas rule, we would call it the Rashard Lewis rule. He is owed $21.1 million this season and $22 million next season, and while he still has some value at as a stretch four he doesn’t have second-highest-paid-player-in-the-league value. But the Wizards are not going…
The NBA's new collective bargaining agreement hasn't been signed off on, yet, and the NBA Players Association hasn't even officially reformed. Training camps and free agent signings are still technically not due to hit until December 9th, though there was a slow and steady trickle of NBA players seen walking into the team practice facilities that they were literally locked...
High-paid veterans such as Baron Davis, Brandon Roy and Rashard Lewis could be waived under new 'amnesty' provision, but the process for signing such players does not favor big-payroll teams like Lakers.So the Lakers want to sign a veteran player who is waived by another team?
The latest NBA collective bargaining agreement will include an amnesty provision that will allow each team to waive a player and erase the contract from their salary cap. Who are the best NBA amnesty candidates? Here is our look at the top ten.
1. Rashard Lewis, Washington Wizards
Although massively overpaid, Rashard Lewis can still play.
2. Brandon Roy, Portland Trail Blazers