Kenyon Martin lands buyout from ChinaPosted by Inside Hoops
Saying he needs to “take care of family affairs”, the former Denver Nugget secured a buyout of his one-year $2.7 million contract and the club released him on Thursday, team manager Guo Jian confirmed.
“We have reached an agreement to let him go, but are still discussing some detail issues,” Guo said on Friday before the squad’s road game against the defending champion Guangdong Southern Tigers.
Those details apparently refer to CBA regulations on foreign players, and how much money Martin will pack home.
League rules state Martin must play the entire season before being able to opt out and join another league. Otherwise, the International Basketball Federation (FIBA) won’t approve a clearance letter for any league under its supervision.
Although the NBA is not under FIBA jurisdiction, it will respect the CBA-FIBA agreement and won’t allow Martin to ink a deal before his Chinese team ends its season in March, said Bai Xilin, director of the CBA’s competition department.
– Via Sun Xiaochen of China Daily