NBA Rumors and News – July 17, 2009

Vegas Notebook: NBA may offer amnesty; Paul says trade ‘possible’

Bulls work out Sean May

Could Pacers be interested in Miller?

Heat interested in adding Carlos Boozer, Lamar Odom to appease Dwyane Wade

Vegas Notebook: NBA may offer amnesty; Paul says trade ‘possible’

By Chris Tomasson

Could NBA owners whose teams have bad contracts be getting another mulligan?

It’s possible the NBA could end up bringing back the amnesty rule that resulted in teams saving millions of dollars in luxury tax during the summer of 2005.

When the NBA reached an agreement on its current collective bargaining agreement (CBA) that summer, teams were allowed a one-time opportunity to waive one player and not have to pay any luxury tax on him. The player, though, got the full amount remaining on his contract, and that counted against the salary cap.

In all, 18 of the NBA teams used the rule, saving about $212 million in luxury-tax payments. Players waived included Michael Finley, Derek Anderson, Brian Grant and Ron Mercer. Finley’s release from Dallas proved the most beneficial to another team as he helped San Antonio to the 2007 NBA title.

With NBA economy in peril and the luxury tax next summer possibly dropping by more than $5 million from $69.92 million, NBA commissioner David Stern has spoken to owners about the possibility of the amnesty rule again surfacing, although any possible resurrection of that rule likely wouldn’t be put on the table until late in the collective bargaining process.

If such a rule were to be implemented prior to the summer of 2011, which is when the current CBA will expire if the NBA doesn’t pick up the 2011-12 option, it likely would have to be approved by both players and owners. But it could end up being part of the next CBA, and there’s a chance the current one could be torn up and a new one implemented prior to 2011.

Bulls work out Sean May

K.C. Johnson

With most of the league fixated on Utah matching Portland’s offer sheet to Paul Millsap, thus making Carlos Boozer eminently tradeable, the Bulls were one of many teams that quietly worked out power forward Sean May in Las Vegas.

The workout proves that while the Bulls may be in rumors surrounding Boozer, they also are checking cheaper options to provide frontcourt depth that wouldn’t disrupt their core. Kirk Hinrich and Tyrus Thomas have been linked to Boozer rumors.

The Bulls have a little bit of money under the luxury tax threshold after buying out Tim Thomas.

May, the 13th overall pick by Charlotte in 2005, became an unrestricted free agent when the Bobcats didn’t make him a qualifying offer. May cancelled a scheduled Thursday workout with the Clippers, claiming he had received a commitment from a team.

May reportedly has worked out for Portland, Sacramento, Cleveland and the Lakers as well. Charlotte has not ruled out re-signing him.

Could Pacers be interested in Miller?

Tom Moore

The Indianapolis Star is reporting that if the Pacers don’t match the Raptors’ four-year, $20 million offer sheet for point guard Jarrett Jack, they could turn their attention to Sixers’ free agent Andre Miller.

The Sixers apparently offered Miller a one-year deal for just under $6 million. The Pacers don’t have the $5.85 million mid-level exception available because they’re supposedly $5.2 million below the salary cap. To get a deal done with Miller, Indiana would probably have to work out a sign-and-trade with the Sixers. It’s unclear what the Sixers would want from the Pacers in that scenario.

Miller had been seeking a three-year, $30 million contract, but apparently no team is willing to pay more than the mid-level exception for one year. The Knicks could be a possibility, along with the Trail Blazers.

Heat interested in adding Carlos Boozer, Lamar Odom to appease Dwyane Wade


The buzz out of the Las Vegas summer league is the Miami Heat has interest in trading for Utah Jazz forward Carlos Boozer and signing Los Angeles Lakers free agent Lamar Odom.

Multiple reports have the Heat trying to work a three-team trade, using the Memphis Grizzlies and their salary-cap room, to land Boozer.

The Bulls showed some interest in Boozer last week.

Heat president Pat Riley apparently is looking to add Boozer and Odom to keep guard Dwyane Wade, who has balked at signing a contract extension until the team adds some more star power.

The Heat reportedly has offered Odom a five-year, $34 million contract.

As for Boozer, the Heat reportedly would send forwards Udonis Haslem and Dorell Wright to Utah. The Jazz would then ship Wright and his $2.8 million salary to the Grizzlies and save itself approximately $5.6 million in salary and luxury-tax payments. Memphis also would probably get cash and draft picks.

Boozer’s agent has been telling teams it will cost $14 million per season to sign Boozer to a contract extension.

That, among other things, has lessened the Bulls’ interest in Boozer, who has one year left on his Jazz contract worth $12.7 million.

The Jazz has told Boozer he will be traded.,CST-SPT-bull17.article

Leave a Reply

Your email address will not be published. Required fields are marked *