Posted Dec 9 2011 2:42PM - Updated Jul 18 2012 8:48PM
Per the terms of the new CBA, on a one-time basis during the course of the new collective bargaining agreement, each team will be permitted to waive one player currently under contract and have his salary not count for cap and tax purposes. The team must still pay the waived player.
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Current Players Waived Via Amnesty Provision:
Amnesty player: Gilbert Arenas
A former All-Star, Gilbert Arenas is still is owed more than $63 million on his contract. He joined the Magic in late 2010 in a trade from Washington and played in 49 games for the Magic.
Hang Time's analysis | Official release
|2010-11 record: 52-30|
Amnesty player: Chauncey Billups
The former Finals MVP Chauncey Billups was waived by New York and designated him as their amnesty player so they could afford to acquire Tyson Chandler. Billups' $14.2 million salary won't count for salary cap or luxury tax purposes.
News story | Clippers claim Billups
|2010-11 record: 42-40|
Amnesty player: Charlie Bell
The Warriors waived veteran guard Charlie Bell, a noted defensive stopper, so they could clear cap space to make a run at a free agent and avoid a luxury-tax penalty. He appeared in 19 games for the Warriors last season, averaging 1.7 ppg.
News story | Official release
|2010-11 record: 36-46|
Amnesty player: Baron Davis
The Cavaliers waived veteran point guard Baron Davis to clear space under the salary cap. Davis' release had been expected since training camp opened. The 32-year-old has not been able to practice because of a bulging back disc.
News story | Official release | Report: Knicks add Davis
|2010-11 record: 19-63|
Amnesty player: Travis Outlaw
The Nets cut ties with Outlaw, who signed a five-year, $35 million deal with New Jersey in the summer of 2010. New Jersey, which has eyes on re-signing All-Star guard Deron Williams and adding other star players to its mix, made the move for future cap flexibility.
News story | Official release | Kings sign ex-Net Outlaw
|2010-11 record: 24-58|
Amnesty player: Brandon Roy
In order to make a deal with Jamal Crawford, the team used the NBA's new amnesty clause to waive All-Star guard Brandon Roy, who announced his retirement last week because of ongoing knee problems.
News story | Official release
|2010-11 record: 48-34|
Amnesty player: James Posey
Looking to save some valuable cap space, the Pacers released forward James Posey and his $7.5 million contract. Posey will get his full salary, but the money won't count against the Pacers' salary cap.
|2010-11 record: 37-45|
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