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Headlines / NBA

Richard Jefferson To Become First Victim Of NBA Amnesty Clause

12/07/2011 at 10:47 am By

According to Yahoo! Sports Adrian Wojnarowski, the San Antonio Spurs plan to use the new NBA amnesty clause on forward Richard Jefferson:

Jefferson, 31, has been a bit of a disappointment since the Spurs acquired him in a trade with Milwaukee in 2009, averaging only 12.3 and 11 ppg in his 2 seasons with the Spurs, well below his career average of 16.4.

The rules of the new amnesty clause are as follows:

  • Each team is permitted to waive 1 player prior to any season of the CBA (only for contracts in place at the inception of the CBA) and have 100% of the player’s salary removed from team salary for Cap and Tax purposes.
  • Salary of amnestied players included for purposes of calculating players’agreed-upon share of BRI.
  • A modified waiver process will be utilized for players waived pursuant to the Amnesty rule, under which teams with Room under the Cap can submit competing offers to assume some but not all of the player’s remaining contract. If a player’s contract is claimed in this manner, the remaining portion of the player’s salary will continue to be paid by the team that waived him.

Jefferson signed a 4 year, $39 million extension with the Spurs in 2010. He is scheduled to make $9.2 mil this season, $10.1 mil in 2012 and has a player option of $11 mil for 2013.

-ALR

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