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Clarkson finalizing buyout with Jazz

I believe that Clarkson's new contract is subtracted from what the Jazz owe him. The salary cap hit remains the same.
Not once he clears waivers, I believe.
Edit: To clarify, cap hit is the full contract regardless, but I think the Jazz buyout will just simply be whatever they agree on, given that he clears waivers. If someone pulled him off waivers they'd be stuck with parts of the contract.
 
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