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Few Teams Will Utilize Amnesty Provision?
Posted By HOOPSWORLD On November 28, 2011 @ 6:56 am In All,Headlines,NBA Headlines | No Comments
Under the amnesty provision, each team can waive one player and remove him from the salary cap — creating room to sign another player and potentially saving millions in luxury-tax penalties.
There is, however, one minor caveat for the amnesty watchers and World Peace enthusiasts: most teams will not use the provision.
“I don’t think there will be very many at all,” said one team executive, who asked to remain anonymous while the lockout remains in effect.
At most, three to six teams will take advantage of the amnesty clause this year, the executive said — a view that was echoed by others around the league. The reasons are varied and complicated.
Some teams are so far above the cap that removing one player will not provide room to sign free agents. A few teams have such low payrolls that they would dip below the minimum-payroll requirements. At least 10 teams have no obvious candidates for amnesty.
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