View Single Post
  #12  
Old 06-20-12, 04:39 PM
grizzly_bexar's Avatar
grizzly_bexar grizzly_bexar is online now
Carne de res ipsa loquitur
 
Join Date: May 2005
Posts: 9,526

Quote:
Originally Posted by MichaelWi101 View Post
Finally decided to read the article and it says
"The Hornets, sources say, are planning to waive Lewis before July 1 to slice roughly $10 million off the $24 million that he is owed in 2012-13."

How would that work? I thought these contracts were pretty much fully guaranteed.
Contracts can be fully guaranteed or partially guaranteed in the final year.

Same thing for us a few years ago, for example with McDyess and with Oberto.

Team has the option to either pick up the final year or waive the player and pay a partial salary. But it's not automatic. Contract has to be set up that way.
Reply With Quote