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

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.
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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