Thunder renounce Derek Fisher

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Derek Fisher is already stumping for his second head-coaching job.

Fisher has done plenty since retiring as a player — getting hired by the Knicks, getting fired by the Knicks and in between being attacked by Matt Barnes and finding another controversy about player relations.

All the while, Fisher counted against the cap for the Thunder, his last NBA team.

Oklahoma City finally renounced him to sign Alex Abrines.

Albert Nahmad of Heat Hoops:

This is one of my favorite salary-cap quirks, explained in further detail here.

These are becoming fewer and further between, because teams are using cap room more frequently as the salary cap skyrockets. Gone are the days of a team operating above the cap for a dozen straight years.

There’s also even less utility in old cap holds now that a player must have played the prior season for a team to be used in a sign-and-trade. (Not that these holds were useful except the rarest of occasions prior, anyway.)

Fisher’s quick transition from playing to coaching helped make this an exception, allowing this weird (and trivial) transaction.