Buyout + Stretch Waive?
Posted: Fri Apr 13, 2018 2:01 am
Kinda wondering, can a player be bought out and then that buyout money be stretch waive provisioned? Went through the CBA FAQ and didnt find any language pertaining my question. Likely a no, but just wondering if anyone knows for sure.
For example
Team A is thinking of stretching Player X as theyre over the cap or unable to find an adequate trade partner
Player X is willing to be bought out cuz they wanna ring chase on a contender and knows they can get a decent deal on the open market to make up for whatever less his buyout was.
Team A and Player X comes to terms, buying out his 2 year 30 mil remaining deal for say 22mil.
Instead of taking a 11 mil a year cap hit for those 2 years (actually can Team A structure the cap hit to be 15m year1, 7m year2?), can Team A stretch provision the 22mil/5 for a 4.4m cap hit per year?
For example
Team A is thinking of stretching Player X as theyre over the cap or unable to find an adequate trade partner
Player X is willing to be bought out cuz they wanna ring chase on a contender and knows they can get a decent deal on the open market to make up for whatever less his buyout was.
Team A and Player X comes to terms, buying out his 2 year 30 mil remaining deal for say 22mil.
Instead of taking a 11 mil a year cap hit for those 2 years (actually can Team A structure the cap hit to be 15m year1, 7m year2?), can Team A stretch provision the 22mil/5 for a 4.4m cap hit per year?