I have no doubt we will see an amnesty clause in the new NBA labor deal being hammered out. There was one in the last deal, there will be one now.
The amnesty clause allows teams to take one onerous contract off their books. It’s a way for teams to lower their salary to whatever the new guidelines are. However, the devil is in the details of the clause and the players will want assurances.
Which brings us to information via Ken Berger of CBSSports.com. In a piece detailing where things stand in the talks, he relays what he’s heard about the amnesty idea.
Under the league’s amnesty proposal, sources say teams would be able to waive a player and have up to 75 percent of his contract removed from the cap and tax, with the remaining balance amortized against the cap over the number of years left on the contract. The player would still be paid 100 percent of the guaranteed money owed; this would be an NFL-style cap management tool to help teams adjust to the new system.
So, let’s do a hypothetical. Lets say, maybe, the Orlando Magic want to dump Gilbert Arenas’ and his bloated contract. Hypothetically. According to Sham Sports numbers, Arenas is owed $62,432,762 total over the next four years. If the Magic used the amnesty clause, Agent Zero would be a free agent (but still get his money), while the Magic could wipe three-quarters of his salary off the books. The remaining $15.6 million would be spread over four year years, for an annual cap hit of $3.9 million.
The exact form of the amnesty provision may change a little, but you can bet there will be one. And it might even be named after Arenas.
MIAMI (AP) The Miami Heat will be without starting forward James Johnson for at least two games and probably more after bursitis was found in his right ankle.
Johnson left Miami’s win over the Los Angeles Clippers on Saturday with ankle pain, and an MRI performed Sunday led to the bursitis diagnosis. Johnson is not traveling with the team for its trip for games at Atlanta on Monday and Boston on Wednesday.
The team says Johnson could miss seven to 10 days, which would also mean his status for home games against Dallas on Dec. 22, New Orleans on Dec. 23 and Orlando on Dec. 26 is in some doubt.
Johnson is averaging 10.9 points and 5.2 rebounds for the Heat this season.
LeBron James notched his third-straight triple-double on Sunday, this one coming against the Washington Wizards. But before the game, the story was all about how James was voicing a silent protest — in Washington D.C., no less — by wearing a special version of his shoes.
LeBron took to the floor wearing his LeBron 15s, but this player edition had the word “Equality” on the back of them. James wore one black shoe and one white shoe.
James wore the black versions of this shoe in the Cleveland Cavaliers’ opener to start the season.
LeBron finished the game with 20 points, 15 assists, and 12 rebounds. The Cavaliers beat the Wizards, 106-99.
The Carolina Panthers are up for sale. Owner Jerry Richardson said he would sell the team late on Sunday following an announcement by the NFL that Richardson was under investigation for “workplace misconduct”. The NFL’s investigation and Richardson’s decision to sell was preceded by a report from SI saying Richardson had paid out settlements amid sexual harassment and racial slur claims.
Enter Sean Combs and Stephen Curry.
Combs — that’s Diddy, you to and me — has previously voiced his interest in being involved with the NFL, and after seeing that Richardson would be selling the team, jumped at the chance to boost his profile. Combs tweeted that he wanted to buy the team, and that’s when Curry joined in.
Naturally, Curry is from Charlotte and went to both high school and eventually college in the area, playing at Davidson. He’s an avid Panthers fan and has been on the sideline for the team publicly many times over the years.
Curry being part of an ownership group for the Panthers would be pretty wild. Perhaps Charlotte Hornets owner Michael Jordan would like to join in? It seems like they would have the liquidity and credit availability between the three of them to get the team.
Then again, the asking price for the Panthers could be north of $2 billion. The last team to be sold was the Buffalo Bills in 2014 for $1.4 billion. In September, Forbes released a valuation for the Panthers that put them at $2.3 billion.
Might need to get a few others involved in this one.
Vince Carter is 40 years old and playing in what could possibly be his final NBA season. The Sacramento Kings guard started his career with the Toronto Raptors, and on Sunday he played what could possibly be his final game at the Air Canada Centre.
And so, when Carter was subbed out late in the fourth quarter on Sunday, the folks in Toronto did what came naturally: they cheered.
The whole thing was pretty great to watch, and a real testament to how Carter is viewed by fans in Toronto.
Carter scored just four points in 25 minutes for Sacramento, going 2-of-5 from the field while adding three blocks, two assists, a rebound and a steal.
The Raptors got the win over the Kings, 108-93.