And even if they release Memo, they'd only be $4.9M under the cap...so in no better free agent position than if they just used the $5.0M MLE.Utah won't be under the cap unless they amnesty Memo. I don't think that's happening.
And even if they release Memo, they'd only be $4.9M under the cap...so in no better free agent position than if they just used the $5.0M MLE.
I have also been hearing a lot of talk of Roy being amnestied. I am slightly interested in that if it fit.
A name I've heard mentioned is Jose Calderon. I like him, but we don't know exactly how amnestied players and a bid system would work exactly.
• 2011 CBA: One player can be waived prior to the start of any season (only one player can be amnestied during the agreement, and contracts signed under the new CBA are not eligible). The salary of the waived player will not count toward the salary cap or luxury tax.
Teams with cap room can submit competing offers to acquire an amnestied player (at a reduced rate) before he hits free agency and can sign with any team.
Teams with cap room can benefit greatly from the amnesty provision by being able to submit a competing offer to claim an amnestied player at a reduced rate. For example, if Cleveland uses its amnesty provision on Baron Davis, a team that is $5 million below the salary cap can submit a $5 million offer to acquire Davis' contract. If that offer is the highest, the team acquires Davis and is responsible for $5 million of his salary -- with Cleveland responsible for the balance. This happens before Davis becomes a free agent and can sign on his own with a team like Miami.
I guess I'm still foggy. What exactly does "(at a reduced rate)" mean? A reduced rate from their amnestied salary? How reduced? How is the reduction figured?
For example, if Cleveland uses its amnesty provision on Baron Davis, a team that is $5 million below the salary cap can submit a $5 million offer to acquire Davis' contract. If that offer is the highest, the team acquires Davis and is responsible for $5 million of his salary -- with Cleveland responsible for the balance. This happens before Davis becomes a free agent and can sign on his own with a team like Miami.