NP Pistons release Josh Smith!
Quote:
Originally Posted by
Kibner
I'm pretty sure that's for amnesty. Stretch provision should be different.
Uh. Do you even know what amnesty is? The whole point of amnesty is that it doesn't have ANY dead money on the team.
The stretch provision is just like any other way (non amnesty way) of waiving a player. If he is picked up the cost is off set. Read my quote or read the CBA FAQ. It's very clear.
Quote:
Originally Posted by
AUSSIE_PELICAN
So if we stretch Gordon and his 15M over 3 years (5M a year) and he signs another contract for 5M in year one does this mean that he theoretically will not be on the books that year and only year two and three?
No. As the CBA FAQ points out, the amount you can offset is limited to 1/2 the difference between the newly signed contract and a 1 year vet minimum salary.
Here's the example they give.
"For example, suppose a fifth-year player is waived with one guaranteed season remaining on his contract for $5 million. If this player signs a $1 million contract with another team for the 2011-12 season, his original team gets to set off $1 million minus $762,195 (the minimum salary for a one-year veteran in 2011-12), divided by two, or $118,902. The team is still responsible for paying $4,881,098 of the original $5 million. Note that between his prior team and new team the player will earn a combined $5,881,098, which was more than he earned prior to being waived."