Back in 2005, when the last NBA Collective Bargaining Agreement was put in place — teams could waive one player and not have to pay the luxury tax on that player’s salary. (The player still got the money on his contract and the teams did not get salary cap relief.) Everyone called it the Allen Houston rule, except that Houston did not get waived by the Knicks (they waived Jerome Williams). The biggest names let go were Reggie Miller, Brian Grant and Michael Finley.
This time around, there could be two players let go.
NBA source: Owner consensus on two amnesty-type clauses in new CBA. One like before. Another gives cap relief also.
In his story in the Oregonian Canzano talks of only one clause, but one that would give actual salary cap relief not just luxury tax help.
The players union would need to agree to this, obviously. But it seems to be on the table and may be one of the things that comes up at Thursday’s meeting (or did in previous meetings).
It leaves some interesting decisions for teams out there. Canzano points to Portland, where the fiscally sound but emotionally hard move would be to waive Brandon Roy. That’s because Roy has four years and $69 million left on his current deal and with the current condition of his knees he’s no longer worth that kind of money.
Some teams would have obvious choices, but there could be some interesting ones out there as well.