Questions Remain with Amnesty Clause?
But here are two major questions the league, per several sources, hasn’t answered yet:
1. Would the team acquiring such a player have to sign him to a contract that runs for the same length as his old one? In other words: Could you acquire (Brandon) Roy via waiver for one season, or would you have to sign him to a four-year deal that parallels his Portland contract? (Rashard) Lewis has two years (including this one) left on his deal. (Gilbert) Arenas has three. This is an important question.
2. Would these contracts count as “new” for the purposes of the “stretch” exception, which will allow teams to waive players they sign once the league resumes business and “stretch” the cap hit out into the future? The idea behind the “stretch” rule is to make it easier for teams to part with non-performing players, so that a team could waive a guy with two years left on his deal and stretch the cap hit over five seasons, softening the immediate blow.