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.
Okay, so there's this:
So assuming Calderon makes $9 million this year (I think that's in the neighborhood) and he gets amnestied, before he clears waivers, if the Jazz were to throw the MLE ($5 million iirc) at him and no one bid more or had a worse record (I might be making this part up?), then the Jazz get him for $5 million a year for the remaining years on the previous contract (2 years) with Toronto paying the remaining $4 million per year without taking the cap hit?
Yeah, that would be a pretty big caveat for the Jazz.Bidding war is only for teams under the cap, as far as I've seen. An amnestied player signing as a free agent will collect two contracts, as far as I can tell. Since the Jazz are over the cap, they can't bid on any players, unfortunately, as I've found out. All the potential decent players will probably be nabbed before they become free agents.
This is all very interesting, BTW. I'm glad they built in these controls so that the Lakers can't just pay the vet minimum to whatever washed up stars they wanted to outright.
Likely players to be released:
Brandon Roy
Richard Jefferson
Rashard Lewis
Bo Outlaw
Okay, so there's this:
So assuming Calderon makes $9 million this year (I think that's in the neighborhood) and he gets amnestied, before he clears waivers, if the Jazz were to throw the MLE ($5 million iirc) at him and no one bid more or had a worse record (I might be making this part up?), then the Jazz get him for $5 million a year for the remaining years on the previous contract (2 years) with Toronto paying the remaining $4 million per year without taking the cap hit?
Bidding war is only for teams under the cap, as far as I've seen. An amnestied player signing as a free agent will collect two contracts, as far as I can tell. Since the Jazz are over the cap, they can't bid on any players, unfortunately, as I've found out. All the potential decent players will probably be nabbed before they become free agents.
Love to see what Bo outlaw can do nowadays.