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Old 07-31-05, 12:01 AM
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NBA Sets Amnesty Deadline At August 15

In a concession to the NBA Players' Association, the deadline for the "amnesty" clause, which will allow teams a one-time exception to waive a player without paying further luxury tax on the player's contract, has been moved up to Aug. 15.

Teams such as the Dallas Mavericks and New York Knicks, who are expected to use the clause -- also known as the Allan Houston Rule -- to waive Michael Finley and Houston to avoid paying future luxury tax on their contracts, will have less than two weeks to make final decisions once the labor deal is implemented Tuesday.

The original deadline was Oct. 1. All 30 NBA teams will now have the right to make one amnesty waiver starting Tuesday at noon ET through Aug. 15. Teams are not required to use this clause and early estimates suggest that less than half of the league's clubs will exercise the option largely because the rule only provides luxury-tax relief, not salary-cap relief.

The Mavericks are trying to trade Finley to keep him out of the Western Conference and to avoid losing him without compensation. If they end up waiving him, a string of playoff contenders, including the Phoenix Suns, San Antonio Spurs, Detroit Pistons, Denver Nuggets, Houston Rockets, Chicago Bulls and Miami Heat, are expected to pursue Finley.

The union argued that an Oct. 1 deadline gave the teams releasing players too much control over their players' futures. The Aug. 15 deadline is early enough to give Finley, Houston and anyone else released via the clause a chance to compete for free-agent dollars long before training camps open Oct. 3.

Other amnesty candidates include the Los Angeles Lakers' Brian Grant, the Portland Trail Blazers' Derek Anderson and the Indiana Pacers' Austin Croshere.

Because of the Knicks' interest, the amnesty clause has become known known as the Allan Houston Rule, a one-time option that teams will not be able to save if they don't use it this year.

Teams get luxury-cap relief, but not salary-cap relief for the released players, who must be on a team's 2005-06 roster but have been acquired before June 21.

Teams, such as the Toronto Raptors, who bought out Alonzo Mourning for $11 million, also can get relief for players no longer on the roster but whose salary remains on the payroll.

Players cannot be re-signed by the teams that released them for the length of the terminated contract. Teams remain responsible for paying the players, even if the players sign elsewhere.

Information for this story was provided by ESPN.com senior NBA writer Marc Stein. To e-mail him, click here. Also, click here to send a question for possible use on ESPNEWS.

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Old 07-31-05, 12:06 AM
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Wow!! That is soon. I had figured the best the players' association would get is sometime in September. Teams now have to work this all out in the next two weeks!

I still think only a handful of teams will use it.
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Old 07-31-05, 12:06 AM
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Quote:
Players cannot be re-signed by the teams that released them for the length of the terminated contract. Teams remain responsible for paying the players, even if the players sign elsewhere.
I wondered about this.. thanks undertoh
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Old 07-31-05, 01:37 AM
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Excellent news for Finley. Lousy news for Cuban.
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Old 07-31-05, 12:12 PM
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Great news and update.. That is really soon on the waive...Teams have to be prepared for situations like this.. I wonder who is going to take advantage of this.. Time will tell... P.S. Finley would be a great option off the bench or as SF if we could land him..Time will tell if he wants to play for the real Texas championship team, or if he is money hungry..
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Old 07-31-05, 02:10 PM
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I had posted this in another thread, but it is pertinent here:

Apparently with the waiver rule, a player will only get in his new salary- the minimum amount plus half of the amount over the minimum. Make sense?

If your minimum is $1.1M and you sign for that- you get it $1.1M

If you sign for $2.1M you get the minimum ($1.1M) plus only half of the extra million ($.5M) for a total of $1.6M.

This means that teams with a lot of space under the cap will not get as great of an advantage finanically speaking to sign waived players.

Here's the source:
Quote:
A collective bargaining agreement provision may limit double dipping by players waived under the amnesty clause.

For example, if Michael Finley were waived by Dallas and signed with Chicago for $3.1 million, he would actually only make an extra $2.1 million on top of the $15.9 million Dallas owes him for the coming season.

A minimum contract for Finley would be $1.1 million, based on last year's CBA. The extra $2 million over the minimum would be split. Half would be considered an offset of his Dallas salary. Half would come from Chicago.
http://www.azcentral.com/arizonarepu...nesty0729.html
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Old 07-31-05, 03:16 PM
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Quote:
known as the Allan Houston Rule,
What a way to have your name imprinted on NBA history.
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Old 07-31-05, 04:58 PM
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The NBA will soon be working on the following rules:

The Pat Riley Rule: If the team is a legit title contender, your upper management may elect to coach the team the following year.

The Isiah Thomas Rule: Any team managed by Isiah Thomas can take on bloated contracts regardless of cap space.
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Old 07-31-05, 07:47 PM
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Good news

Let's try to sign Finley
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