As part of their plan for more competitive balance within the league, NBA owners have proposed an amnesty clause mechanism during their talks with the National Basketball Player’s Association towards a new collective bargaining agreement, Ken Berger of CBSSports.com reports.
NBA Lockout: Owners Propose Heavy Salary Cap Cuts In Amnesty Clause
NBA owners have proposed an amnesty clause mechanism as part of their talks with the NBPA towards a new collective bargaining agreement.
According to Berger, the proposed amnesty clause would allow teams to waive a player and have up to 75 percent of his contract removed from the team’s salary cap and luxury tax, with the remaining balance prorated against the cap over the remaining number of years on the contract. Players would still receive 100 percent of their guaranteed contracts, but the league would move to an NFL-style salary cap management tool as they adjust to the new system..
A third day of mediation between the NBA and NBPA with George S. Cohen of the Federal Mediation and Conciliation Services is expected to commence in New York City on Thursday afternoon following the league’s board of governors meetings on Wednesday night and Thursday morning.
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