SuperDeluxe wrote:return2glory wrote:2. KG retirees and we get nothing back. We actually do. Cap space.
*******$10 million saved.*********
If KG retires, there will be zero cap savings. He's gone, but his salary stays.
We don't have to pay him, but the cap hit stays on the books because he technically could come back at any time.
We could agree to a buyout with him, of course. If he voluntary retires, I believe we get immediate relief.
The only exception to this is when a player is still under contract, wants to quit, and his team doesn't want to let him out of his contract. Under these circumstances the player can file for retirement with the league. The player is placed on the league's Voluntarily Retired list (see question number 77), forgoes his remaining salary, and cannot return to the league for one year. The latter requirement prevents players from using retirement as an underhanded way to change teams, and can be overridden with unanimous approval from all 30 teams. For example, guard Jason Williams signed with the LA Clippers in August 2008, then changed his mind the following month, announcing his retirement. He applied for reinstatement in early 2009, but his request was denied by a vote of 24-6. Williams later signed with the Orlando Magic once the one-year anniversary of his retirement announcement had passed.
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