The Philadelphia 76ers will release former All-Star Elton Brand under the league’s amnesty clause, according to sources. The move to release Elton Brand will be necessitated by the expected signing of free-agent guard Nick Young and the planned re-signing of center Spencer Hawes.
John Hollinger discusses whether the Sixers’ moves to amnesty Elton Brand and sign Nick Young are wise moves. Teams that did not use their one-time amnesty clause last season can waive one player via the amnesty provision between July 11-17 and see that player’s contract figures vanish from the team’s payroll for salary-cap and luxury-tax purposes.
Elton Brand will still collect the full $18 million that the Sixers owe him next season, but he will first be offered to teams under the salary cap through the waiver process, with under-the-cap teams able to lodge bids for him.
Sources tell ESPN.com that the Dallas Mavericks, under the salary cap after being foiled in their pursuit of marquee free agent Deron Williams, have interest in claiming Elton Brand through the waiver process.
In the event that he goes unclaimed on waivers, Elton Brand would then be free to sign as a free agent wherever he chooses.Young’s agent, Mark Bartelstein, told ESPN.com that Young and the Sixers have reached terms on a one-year deal that, once finalized, is expected to fall in the $6 million range.
via ESPN
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