Each team permitted to waive 1 player prior to any season of the CBA
(only for contracts in place at the inception of the CBA) and have 100% of
the player’s salary removed from team salary for Cap and Tax purposes.
Salary of amnestied players included for purposes of calculating players’
agreed-upon share of BRI.
A modified waiver process will be utilized for players waived pursuant to
the Amnesty rule, under which teams with Room under the Cap can
submit competing offers to assume some but not all of the player’s
remaining contract. If a player’s contract is claimed in this manner, the
remaining portion of the player’s salary will continue to be paid by the
team that waived him.
I dont think its a huge help to the Bobcats since you still have to pay 100% of the salary, but the waiver process could get interesting. Its basically free agency for all the amnestied players, and there are going to be some pretty big names available