more questions...
1. if a team buys out a 10m/year player.. lets say for 4m.... does he have 10m free sa salary cap space? or 6m nalang? since he used the 4m to buy out?
2. ano naman yung waiver?.. is it if one player gets traded then the team doesnt sign that player? meaning the player gets to be a free agent agad?? then he can sign at any other teams interested at any amount he agrees to? pag waived player ka ba, walang payment mangyayari sa player and team?
1. AFAIK the whole 10M should be wiped off the books ..... since the buyout basically serves as termination of services.
2. Waiver ...... a player can be waived / released, even with an existing contract. Teams usually do this to free-up a slot on the roster when they get another player they'll use.
Waived players can be claimed by other teams (certain conditions apply though) and their existing contracts.
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For Odom's case, he'll likely get traded in the offseason since he still has good value (as long as he's motivated) and he has an expiring contract - much valuable to teams building cap space.