LAS VEGAS – The Sacramento Kings will have their amnesty to use for another season. According to a person with knowledge, the Kings do not plan to waive any players using the one-time provision that provides salary and luxury tax relief under the NBA’s collective bargaining agreement.
According to cap expert Larry Coon’s NBA Salary Cap FAQ, players “must be on his team’s roster continuously from July 1, 2011 to the date he is amnestied, without any new contract, extension, renegotiation or other amendment to his contract in the meantime”. Of the 14 players currently on the Kings’ roster, only John Salmons and DeMarcus Cousins were eligible to be waived before tonight’s 9 pm PT deadline.
Since the addition of the rule to the NBA’s latest CBA, Salmons has been rumored as a possible candidate to be released using the provision. The veteran small forward is owed an estimated $14.5 million over the next two seasons, however the final year of his contract is only partially guaranteed.
This offseason, only five teams exercised their right to waive a player using the one-time clause. Metta World Peace (Los Angeles Lakers), Linas Kleiza (Toronto Raptors), Drew Gooden (Milwaukee Bucks), Mike Miller (Miami Heat) and Tyrus Thomas (Charlotte Bobcats) have been this year’s casualties.