HoopsHype Amnesty rumors

July 17, 2014 Updates

Marc Stein: That means Lakers acquire Boozer's expiring contract and Chicago is on the hook for the rest of Boozer's salary in 2014-15: $13.6 million. By releasing Boozer via amnesty, Chicago wiped that $13.6 million off books for cap & tax purposes but must still PAY Boozer money he's owed. Twitter @ESPNSteinLine

July 16, 2014 Updates
July 13, 2014 Updates
July 12, 2014 Updates
July 5, 2014 Updates
June 2, 2014 Updates

The reality, furthermore, is that there's no real salary-cap benefit to cutting Perkins loose now. Wiping next season's $9.4 million salary off the books won't get the Thunder under the cap, so there's nothing to be gained by such a move beyond appeasing Perk-bashers that they'd never listen to anyway. ESPN.com

May 23, 2014 Updates

While general manager Gar Forman has remained poker-faced about the future of Carlos Boozer in a Bulls uniform, several sources indicated that reserve power forward Taj Gibson was told by his coaching staff to start preparing this offseason to be a starter come tip-off 2014-15. And Gibson has. With about a week left of rehabbing a badly sprained left ankle that occurred in the Game 5 playoff loss to the Wizards last month, Gibson confirmed that he has been told “to get my body and mind right to be a starter.’’ “I mean this will be exciting,’’ Gibson said in a phone interview. “This is what I’ve always thought about. When I started [those six games] for Boozer when he was hurt during the season, I just know how excited I was, how good it felt to come to the arena.’’ Chicago Sun-Times

And while this past season has long been believed to be the final curtain call for Boozer, how the end comes is still the great unknown. Could the Bulls simply amnesty Boozer, still paying him the $16.8 million coming his way next season but not having it count against the cap? Or is he a key trading piece in a splashy deal because of his expiring contract? Considering the growing asking price in the Kevin Love trade sweepstakes, the Bulls will likely be headed for the amnesty option. Chicago Sun-Times

April 30, 2014 Updates

Sources briefed on Chicago's thinking say the Bulls are going to do everything they can to try to find a trading partner for Boozer before seriously considering the amnesty option. Bear in mind that Chicago essentially has until July 15 to craft a deal that finds a new home for Boozer after a season in which he lost much of his fourth-quarter run to Taj Gibson. The NBA's amnesty window this summer runs through July 10-16. ESPN.com

April 16, 2013 Updates

The L.A. Lakers and Kobe Bryant go together like peanut butter and bananas ... and the Lakers wouldn't dream of dumping him to save a few million bucks -- so says Lakers guard Steve Nash. There's a lot of talk going 'round that the Lakers might cut Kobe after he tore his Achilles last week ... because it would save them a fortune in luxury taxes on his salary -- roughly $80 million to be exact. But Nash doesn't believe a word of it ... telling TMZ, "Kobe is synonymous with the Lakers ... He's a strong person. He'll come back stronger than ever." TMZ.com

April 14, 2013 Updates

The Lakers are allowed to cut one of four players on their roster without paying luxury taxes on his salary. Bryant will make $30.5 million next season. The other eligible players are Pau Gasol ($19.3 million next season), Metta World Peace ($7.7 million) and Steve Blake ($4 million). Players can be amnestied only if they were on the roster dating back to July 2011. If the Lakers waived Bryant, they would save up to $80 million in luxury taxes but would still have to pay his salary. It's unlikely they would amnesty him because of the relatively short timetable for his return. If they did, teams under the salary cap this summer would submit undisclosed bids to the NBA office to claim Bryant. He would then belong to the team that bid the highest. The Lakers could then re-sign Bryant in July 2014, after his current contract expired. Los Angeles Times

In the long run, Kupchak downplayed the prospects of the Lakers using their one-time "amnesty" provision to waive Bryant during a one-week window in July. "That's not even something that we've discussed," he said. "That's the furthest thing from our mind right now." Los Angeles Times

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