1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

  2. Watching NBA Action
    Can former Rocket Eric Gordon and the Suns bounce back against the Timberwolves? Come join Clutch as we're watching NBA playoff action live!

    LIVE: NBA Playoffs!
    Dismiss Notice
Welcome LIVE NBA ACTION

Tax Amnesty (Allan Houston) Rule

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by macfan, Jul 25, 2005.

Tags:
  1. macfan

    macfan Contributing Member

    Joined:
    Mar 12, 2005
    Messages:
    3,318
    Likes Received:
    1
    I recently read an article on the "one time" clause to cut a player so I want to share it so we can have a better understanding of the rule and not speculate. For more details you can read Marc Stein's Q&A http://sports.espn.go.com/nba/columns/story?columnist=stein_marc&id=2112912

    Here are the main points:

    1) This is a one-time exception that expires on Oct 1, 2005. Teams are trying to move up the date so free agents can have more time to sign with a new team.
    2)This exception can't be saved for later in the season
    3)Teams can't waive more than one player. However, they are not required to waive a player.
    4)This exception provides LUXURY CAP RELIEF not Salary Tax Relief
    5)Players signed after June 21 2005, can't be waived
    6)Teams HAVE to pay the remaining salary of players, but there is no luxury tax penalty on that player.
    7)Teams CAN NOT reclaim players they just waived
    8)Teams can sign more than one waived player (e.g. Finley and Houston)
    9)Players can "double dip" and potentially sign a max contract. They will be paid from 2 contracts e.g. Finley can sign a 5 year/30mill contract and get fully paid from two teams. Cuban would have to pay his full salary no matter how big his next contract is
    10)Any team can waive a player (luxury tax paying teams & non-luxury teams)

    Here's my short take on how this could affect the Rockets:

    -Since Les has to pay the remainder of the contract of a cut player and we are not in luxury tax territory (to my knowledge), it would have to be a player that's not contributing (Moochie or Vin)
    -We could potentially sign two waived players (Finley and Ratliff)
    -Since we don't have any salary cap room, this could be a great way to pick up a really good player without breaking the bank
     
    #1 macfan, Jul 25, 2005
  2. Aloe

    Aloe Contributing Member

    Joined:
    Jun 13, 2002
    Messages:
    314
    Likes Received:
    53
    When can the teams start cutting players under these rules?
     
    #2 Aloe, Jul 25, 2005
  3. macfan

    macfan Contributing Member

    Joined:
    Mar 12, 2005
    Messages:
    3,318
    Likes Received:
    1
    Right now the date is October 1st, but owners are trying to move up the date. Perhaps that's the holdup with the new CBA
     
    #3 macfan, Jul 25, 2005
  4. NIKEstrad

    NIKEstrad Contributing Member
    Supporting Member

    Joined:
    Mar 21, 2000
    Messages:
    10,058
    Likes Received:
    3,774
    Not quite.

    October 1st is the last day teams can use this exception. The amnesty clause will be available as soon as the moratorium is lifted.

    Teams want the October 1 date moved forward because it allows other teams to hold onto players that are potential amnesty casualties late into the offseason/beginning of training camp. This forces them to potentially pass up current free agents for players who may or may not become available.
     
    #4 NIKEstrad, Jul 25, 2005
  5. macfan

    macfan Contributing Member

    Joined:
    Mar 12, 2005
    Messages:
    3,318
    Likes Received:
    1
    Yes, you are right. I didn't express myself well. Players can be waived as soon as Thursday
     
    #5 macfan, Jul 25, 2005
  6. Brando2101

    Brando2101 Contributing Member

    Joined:
    Apr 20, 2005
    Messages:
    6,410
    Likes Received:
    926

    there is already a thread about this with like 50 replies
     
    #6 Brando2101, Jul 25, 2005
  7. Deuce

    Deuce Context & Nuance

    Joined:
    Aug 1, 2001
    Messages:
    26,577
    Likes Received:
    35,648
    I really hope the Oct 1st deadline is moved up. None of these teams have any incentive to release the players until that time. And by then a lot of the FA money will be dried up.
     
    #7 Deuce, Jul 25, 2005
  8. JoeBarelyCares

    JoeBarelyCares Contributing Member

    Joined:
    Jan 9, 2001
    Messages:
    6,502
    Likes Received:
    1,736
    Which is not a bad thing for the Rockets, considering all we have left to pay is either the LLE or the veteran minimum.
     
    #8 JoeBarelyCares, Jul 25, 2005
  9. thiagu88

    thiagu88 Contributing Member

    Joined:
    Jul 25, 2005
    Messages:
    243
    Likes Received:
    0
    i help this rule will get players to come to the rockets for small salaries and a chance to win since they are already getting paid from their former teams
     
    #9 thiagu88, Jul 25, 2005
  10. r-fan-since-81

    r-fan-since-81 Contributing Member

    Joined:
    Sep 21, 1999
    Messages:
    1,291
    Likes Received:
    44
    Are potential teams limited to what they have to offer these Luxary Tax Salary casulties?

    Like us - since we are over the cap and have spent the MLE. Can we offer MLE money to one of these FA's, even though Swift already picked it up?
     
    #10 r-fan-since-81, Jul 25, 2005
  11. xiki

    xiki Contributing Member

    Joined:
    Jun 18, 2002
    Messages:
    17,501
    Likes Received:
    2,889
    Except their reputations and relationships with agents and players.
     
    #11 xiki, Jul 25, 2005
  12. xomox

    xomox Contributing Member

    Joined:
    Jun 4, 2005
    Messages:
    1,455
    Likes Received:
    25
    thanks dude. we needed this info.
     
    #12 xomox, Jul 25, 2005
  13. Jacquescas

    Jacquescas Contributing Member

    Joined:
    Jul 18, 2005
    Messages:
    1,186
    Likes Received:
    2
    Once they have been cut they are regular free agents, and a team can only use its exsisting cap space to sign them. I see more than a few taking 1 year minimum deals to try for a ring, then go for a bigger payday down the road. In the end its all about money and Finley knows he can take his 51 million and get maybe another 30 million ontop of that. Hopefully all the free agent mone will be dried up by the time they are released so that financially all things will be close to equal so that they can choose where they want to play.
     
    #13 Jacquescas, Jul 25, 2005
  14. xomox

    xomox Contributing Member

    Joined:
    Jun 4, 2005
    Messages:
    1,455
    Likes Received:
    25
    im waiting to find out who the really greedy players that will look for a huge contract after being cut are. ie finley, houston.
     
    #14 xomox, Jul 25, 2005
    Last edited: Jul 25, 2005
(You must log in or sign up to post here.)

Share This Page

Toggle Width
Style
ClutchFans Original

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Rockets Content

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now