Found July 06, 2012 on
Buzz On Broad:
Today the Philadelphia Sixers have decided to use their amnesty clause on power forward, Elton Brand. Not very surprising, as there were several reports throughout the season showing that the Sixers were interested in doing that. Teams under the salary cap can now bid on Elton Brand. So what exactly does that mean?
With the amnesty clause on Brand, the Sixers now free up $18 million, and plan to sign guard Nick Young. The Sixers can not officially announce the signing of Young until July 11th, but the contract is said to be one year, $6 million.
The Sixers though, will no be without Lou Williams, as he tweeted today:
"Philly, I appreciate you all. Unfortunately I will not be coming back, as an organization they decided to move in a different direction."
The Sixers will be looking to improve their roster this season, and for the future. Today we learned that Lou Williams and Elton Brand will not be a part of it.
BEST OF MAXIM
While they might not be making earth-shattering moves, at least the Sixers are making things interesting this offseason. First, they draft another extremely talented swing player that can't shoot from the outside. Then, they re-sign the much-maligned but actually decent Spencer Hawes to a reasonable 2 year, 13 million dollar contract. Today they have made two more moves...
The 76ers have reportedly elected to utilize the NBA's amnesty clause to release the veteran forward. The team also reportedly landed swingman Nick Young.
The Philadelphia 76ers have used the amnesty clause on veteran forward Elton Brand and will get about $18 million in salary cap relief for next season.
Sixers president Rod Thorn confirmed the move in an email to The Associated Press on Friday.
Brand was entering the final season of an $80 million, five-year contract. The amnesty clause allows a team to waive one player during...
With $18 million left on the last year of his contract, the 76ers have decided to pull the plug on Elton Brand, using the NBA’s amnesty clause. Teams will be able to bid on Brand’s services beginning July 11th, and according to ESPN’s Marc Stein, the Dallas Mavericks have already been rumored to have expressed interest in the 6’9″ power forward. The Sixers will now have...
The Philadelphia 76ers will release former All-Star forward Elton Brand under the league's amnesty clause.
The Sixers needed to release Brand in order to make room for free agent Nick Young, who is expected to sign with Philadelphia, and the re-signing of center Spencer Hawes.
Elton Brand will still collect the $18 million that the Sixers owe him next season. Brand will first...
The amnesty clause wasn’t just a one shot deal only available at the top of last season. The 76′ers have exercised it to rid themselves of Elton Brand and the $18 million they’d owe him for next season. You know how it works, Brand still gets paid his money but the contract disappears from the official [...]
The “Philadelphia Inquirer” reported Friday, that their sources state that the Philadelphia 76ers will use their Amnesty Clause to release veteran forward Elton Brand, taking the last year of his contract with the club off the books, giving the team added salary cap space. The move will put an end to an ill-fated relationship, that the club and Brand thought would lead the...
Bye-bye, Elton Brand. See you later, Lou Williams.
The 76ers turned a mundane offseason into monumental by jettisoning their leading scorers from each of the last two seasons and clearing needed space in the salary cap to potentially set up a bigger move.
With fans worried a surprising run to the Eastern Conference semifinals might cloud management's view of the stale roster...
Elton Brand has one season at $18 million left on his contract, which will come off Philadelphia's cap.
The Philadelphia 76ers will release former All-Star Elton Brand under the league’s amnesty clause, according to ESPN:
The move to release Brand will be necessitated by the expected signing of free-agent guard Nick Young and the planned re-signing of center Spencer Hawes.
Teams that did not use their one-time amnesty clause last season can waive one player via the amnesty provision...
Free agent shooting guard Nick Young reportedly has agreed to terms on a deal with the Philadelphia 76ers, a move that will trigger the release of power forward Elton Brand under the league's amnesty clause. Young's agent, Mark Bartelstein, said Friday the Los Angeles native has a one-year contract for about $6 million and ESPN.com reported Brand will be the salary cap...