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Old 07-01-2012, 11:42 AM   #9
D12"Magic"
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Join Date: Sep 2010
Location: N. Jersey
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Default Re: Gerald Wallace to sign with the Nets

Quote:
Originally Posted by bagelred
There is no amnesty. The amnesty rule is a one time thing for players ALREADY under contract when the lockout happened. There is no amnesty for Wallace ever.
Quote:
Teams will not be able to use the new "stretch" provision on players they acquire via the amnesty process. The stretch provision will allow teams to waive a player and stretch the annual cap hit well into the future.

For instance: If you release a player with two years and $20 million left on his deal, you could stretch the cap hit over five seasons ó twice the number of years left on his contract, plus one. The goal is to soften the short-term impact on cap flexibility so that teams will be more willing to waive players they donít want.
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