Milwaukee Bucks cut Drew Gooden under amnesty provision
Charles F. Gardner, Milwaukee Journal Sentinel
July 17, 2013
Gooden became the 20th National Basketball Association player subject to amnesty since the provision was adopted in the collective bargaining agreement signed in 2011.
The 31-year-old Gooden still will be paid the $13-plus million remaining on the five-year, $32 million deal he signed in the summer of 2010.
But under the amnesty procedure the Bucks will be able to wipe that $13 million from their salary cap, including $6.7 million for next season. Two years remained on the deal.
The provision is limited to players signed under the previous collective bargaining agreement. Players also had to be on a team's roster under the former collective bargaining agreement to be eligible for amnesty.
Gooden fits both counts.
The deadline for using the amnesty clause this year was 11 p.m. Tuesday and the Bucks took action to waive Gooden on the final day.