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re: NBA cba negotations: Owners asked for $45 million hard cap
Posted on 5/16/11 at 4:31 pm to eyeran
Posted on 5/16/11 at 4:31 pm to eyeran
quote:
lso the possibility of each team having the ability to void ONE contract(Similar to the rule after the late 90s lockout). Owners would still have to pay that player his money, his contract just wouldnt count against the cap.
That's another thing that could help get teams under a hard cap a bit quicker.
I guess I was wrong, I always thought you could buy out a guy's contract and then it was off of your books against the cap.
1
Posted on 5/16/11 at 4:44 pm to shel311
quote:Quick explanation:
I guess I was wrong, I always thought you could buy out a guy's contract and then it was off of your books against the cap.
The agreed-upon buy-out amount (see question number 62) is included in the team salary instead of the salary called for in the contract. If the player had more than one season left on his contract, then the buy-out money is distributed among those seasons in proportion to the original salary. For example, say a player had three seasons remaining on his contract, with salaries of $10 million, $11 million and $12 million. The player and team agree to a buyout of $15 million. The $15 million is therefore charged to the team salary over the three seasons.
Interesting to see the guys that would get cut. Arenas definitely. Rip Hamilton,Rashard Lewis, maybe Okafor
This post was edited on 5/16/11 at 4:46 pm
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