: In the FanShots douglast
notes that Adrian Wojnarowski
of Yahoo! Sports
has further CBA negotiation details
, we noted reports that the NBA and its players union are making some progress on a new labor agreement, specifically on the all-important revenue split issue.
confirms that progress and also provides these details
on the league's current amnesty clause proposal.
Under the league's amnesty proposal, sources say teams would be able to waive a player and have up to 75 percent of his contract removed from the cap and tax, with the remaining balance amortized against the cap over the number of years left on the contract. The player would still be paid 100 percent of the guaranteed money owed; this would be an NFL-style cap management tool to help teams adjust to the new system.
According to StoryTellersContracts.com
, Portland Trail Blazers guard Brandon Roy is on the books
for $15.0 million in 2011-2012, $16.5 million in 2012-2013, $17.9 million in 2013-2014 and $19.3 million in 2014-2015 (only $14.5 million guaranteed, as noted by Storyteller
If the Blazers used an amnesty clause to receive 75 percent relief on Roy's salary, his cap number for those years would be reduced to roughly: $3.8 million in 2011-2012, $4.1 million in 2012-2013, $4.5 million in 2013-2014 and $3.6 million in 2014-2015.
This would equate to an average of roughly $13.2 million in cap relief per season and at least $50 million of relief over the four seasons together, with the potential for further savings on their luxury tax bill for any year Roy's mini-max contract would have helped push them over the luxury tax line.
While waiving Roy under such a proposal would still cost owner Paul Allen roughly $64 million plus the cost of finding a player to replace him in the rotation, it would provide significant cap relief over the next four seasons.
-- Ben Golliver | email@example.com | Twitter