Although the percentage of revenue that players will receive in a new collective bargaining agreement has yet to be decided, leading to a stalemate in negotiations; as we reported previously other issues have been agreed upon between the NBA Players Association and NBA Team Owners. According to the “New York Times” once a new NBA Collective Bargaining Agreement has been ratified each franchise in the Association will be granted an “Amnesty Clause.” According to the report, the clause will allow each team in the NBA to release one player without that contract being applied to the salary cap.
The player would still have to be paid in full for the amount remaining on their contract, but the clause would allow teams in the Association relief against the salary cap. According to the report, the clause could be used any time during the life of the CBA but would only qualify for contracts that were in effect as of July 1, 2011.
Negotiations broke off last Friday, with no other talks scheduled at this time, although there have been rumors the two sides could meet again later this week.