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Old 08-01-05, 02:09 PM
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"Amnesty Clause" Fine Print- FA Updates

Allan Houston and Michael Finley haven't said much about their futures since their names surfaced as the most likely former All-Stars to be waived via the new "amnesty clause", the onetime opportunity between Tuesday and Aug. 15 for teams to release a player without paying luxury tax on the rest of his contract.

The relative silence makes it tough to forecast exactly what they'll be looking for as free agents -- besides the chance to join a championship contender -- after their expected releases.

Which makes it tougher still to gauge how the "spread provision" in both players' contracts will affect their choices.

Houston and Finley, according to NBA front-office sources, both possess considerable spread provisions in their contracts that would result in drawn-out payment schedules from the Knicks and Mavericks after being let go.

In Finley's case, specifically, sources say the $51-plus million he's owed by Dallas over the next three seasons would be paid in annual increments of less than $5 million if he's waived by the Aug. 15 amnesty deadline. Houston's contract apparently includes a similar spread provision.

Translation?

Signing with a new team for a minimum contract in the sub-$2 million area, as Phoenix hopes to do with Finley, might not be so comfortable for either player. The fact that Finley wouldn't be able to collect his $51-plus million from the Mavs as originally scheduled over the next three seasons gives hope to a team like the Denver Nuggets, who are prepared to offer Finley their full $5 million mid-level exception.

Another factor is the "set-off provision" that was restored to the amnesty clause in the final stages of collective bargaining. The set-off provision returns a percentage of what a player makes from his new team to the team paying off his terminated contract.

In the new deal, the union fought to specifically word the amnesty clause to say that the set-off provision doesn't apply. That would have enabled players such as Houston and Finley to double-dip by collecting the full balance of their old contracts in addition to the payments from their new deals. But the league wouldn't give in, insisting that a chunk of an amnesty player's new earnings go back to the original team.

Finley is the obvious candidate to address the shooting void in Phoenix created by Johnson's imminent departure, but the Suns figure to rekindle their interest in Payton as well. Reason being: Johnson not only backed up Steve Nash but enabled Nash to play off the ball on occasion to take advantage of his deft shooting touch. Payton, like Johnson, could spell Nash or play alongside him, too, but the Suns don't have roster room for both Payton and Finley. ... It's not yet clear if Doug Christie will be released by the Orlando Magic via the amnesty clause or whether he'll be able to negotiate a buyout of the one year (at $8.2 million) left on his contract. What is clear, according to NBA front-office sources, is that the Christies (mandatory reference to wife Jackie) plan and hope to be in Dallas next season if Doug can extricate himself from the Magic. It remains to be seen how much Christie can still contribute after ongoing foot problems, but he's remembered in Big D for his dogged defense on Nash in more than one Sacramento-Dallas series. ... The Mavericks, meanwhile, say they have no interest in Cavaliers forward Drew Gooden, no matter how many times Gooden is mentioned as an alleged Dallas trade target. ... Needing a big man to balance a roster full of players 6-8 and under, and unsure (like the Bulls) about making a rich offer to Curry because of the Chicago center's recent heart ailment, Atlanta is closing in on Milwaukee restricted free agent Zaza Pachulia with what sources say is a four-year offer. ... Sacramento's Darius Songaila is another restricted free agent, but Washington remains hopeful of landing the Lithuanian banger via sign-and-trade, with guard Steve Blake potentially heading to the Kings. ... Flip Saunders' guaranteed base to coach the Detroit Pistons is an even $20 million over four seasons, but incentives -- if he hits them all -- could take the contract past the $26 million mark. ... The memo Commissioner Stern promised during the NBA Finals that will require teams and their personnel people to stay out of high school gyms is said to be forthcoming, but the memo isn't out yet because such a directive wouldn't be part of the collective-bargaining agreement.

http://sports.espn.go.com/nba/column...=2121672&num=3
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Old 08-01-05, 03:08 PM
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It's hard to picture how difficult it would be being forced to live on only 2M a year instead of 15M...
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Old 08-01-05, 03:46 PM
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I agree, but remember they need to feed their family!!

Quote:
Originally Posted by WhiteChocolateJr
It's hard to picture how difficult it would be being forced to live on only 2M a year instead of 15M...
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Old 08-01-05, 03:54 PM
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Quote:
Originally Posted by WhiteChocolateJr
It's hard to picture how difficult it would be being forced to live on only 2M a year instead of 15M...
I hear comments like these from time to time. I even amke them myself. But I think that we really are being unneccessarily harsh. It's all a matter of perspective. NBA players would probably say the same thing about Corporate Billionaires being forced to live on 100 million instead of 750million. At the same time, a person from the two-thirds world would mock us if they found out that we would have a difficult time living on $20,000 per year as opposed to $150,000.

Go Spurs Go,
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Old 08-01-05, 04:25 PM
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Man.. all these little details about the amnesty clause keep popping up. At first, it sounded like every team in the league would be using it.. now, will anyone?
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