[ESPN.COM] Derek Anderson will be the first player waived under the NBA's new amnesty

So if you waive a player you still have to pay the salary, but it doesn't count towards the cap?

 

Right. And that player becomes a free agent, capable of signing with anyone.

 

Wrong. The money still counts towards the cap, and the team has to pay the full salary owed. However, that money doesn't apply towards the luxury tax. For someone like Finley, the Mavs would pay him 50 million in salary even though they released him, but it wouldn't have to pay the additional 50 million in luxury taxes.

The player is also prohibited from signing with the team that waived him for the duration of his original contract.

 

It seems like everyone's thinking these Amnesty-clause releases will then sign with other teams for a pittance, since they're already getting paid by their former team. But wouldn't they still hold out for a(nother) big paycheck?

 

Hopefully Finley gets waived soon.

 

I hope we pick him up on the cheap

 

Um... why would he sign for the cheap? Even if he's getting paid by someone else, he's still going to hold out for what he's worth on the open market. Nobody's that stupid.

 

Word is that the Lakers are interested in Derek Anderson. He fits into Phil Jackson's tall guard role.

 

Which is what the article that was posted by rikesh316 says (first post in this thread) .

 

I suppose that he can hold out for the biggest payload but his incentive to do so could be lessened somwhat - knowing that he will still receive big $$ from Portland no matter what.

At this stage in his career, he may be willing to forego some extra $$ to be on a contending team.

 

I read something that made it seem like people won't be double dipping like we think they will. Let me look it up. BTW, this thing has been called the Allan Houston rule or whatever,but since it was Anderson first, do you think it should be named after him?

 

http://sports.espn.go.com/nba/columns/story?columnist=stein_marc&id=2112912&num=2

 

Nah. Houston is the entire reason why this was done.

 

DA might be pretty cheap b/c:

-He isn't a very good player without the athleticism he once had.

-He has limited upside (age, injuries, taking its toll).

-He didn't seem to accept his reduced role well.

-As discussed, the bigger contract he signs the bigger the portion of his new contract gets sent to Portland (the team that cut him and doesn't believe in him) for relief. Granted he still makes more money whatever he signs for, but not as much as a true double dip and never understimate the influence of bruised egos. [Interesting side note. DA or Houston actually might make more money off their old contract by being waived. Think about it, they can set up a residence in Texas or Florida, thus states like New York or Oregon (I assume they have an income tax) should not be able to go after their compensation as they could if they stayed with those teams where those home states can easily prove most of their work was performed in them]

I would not at all be surprised if a LLE (2 year/3.4mil) ends up landing DA. The way DA's minutes, performance and shooting has been going south the last few years anything more than a 2 year contract would be pretty dumb by the signing team.

 

Great post. I think DA would be a solid pickup. He's definitely not the same player he once was, but if he can stay healthy, maybe he can log in some minutes at SG or backup TMac.

 

So is the Allan Houston exception now the Derek Anderson exception?

 

.....

 

Hey I heard recently that Phil Jackson likes tall guards.....