Sixers will say goodbye to Elton Brand and sign Nick YoungPosted by Inside Hoops
The Sixers, not much of a player in free agency, will use the amnesty clause on forward Elton Brand, owed $18.2 million in the final year of his contract, and they reached agreement in principle to sign free-agent guard Nick Young to a one-year, $6 million deal, according to sources with knowledge of the situation.
The amnesty clause allows the final year of Brand’s contract to come off of the Sixers’ salary cap. Teams below the salary cap will be permitted to bid for Brand’s services. The Sixers will pick up whatever the difference is that the team that signs Brand reaches an agreement with the player to pay him.
– Reported by John Mitchell of the Philadelphia Inquirer (Blog)
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