Philadelphia 76ers use amnesty clause on Elton Brand, team to sign Nick Young

7/7/12 in NBA   |   IvanRogers   |   1352 respect

In an attempt to clear salary cap, the Philadelphia 76ers released veteran power forward Elton Brand by using the amnesty clause given in the 2011 CBA. However, the Philadelphia 76ers are only facilitated with this opportunity since the franchise did not use its’ one-time amnesty clause from previous season to waive players between July 11-17. Hence the Philadelphia 76ers would have had no accountability for the player’s wages in the salary-cap or luxury-tax.
Elton Brand, who was set to make $18.1 million for the next season will now collect his earning from any under-capped team that claims him off waivers. The waivers process dictates that any under-capped team can bid on Elton Brand starting from 11 July; the day the league officially lifts it’s restrictions on contracting free agents. The bidding process may take a week, at the end of which, the team that places the highest bid on Elton Brand will be able to sign the free agent on a veteran minimum contract.
Elton Brand was into the final year of a $80 million, five-year contract that placed him with the Philadelphia 76ers in 2008. The two-time All-Star had better production during the initial years of his signing-up with the Philadelphia 76ers. Thus, Elton Brand may perhaps boast only two impactful seasons with the Philadelphia 76ers. After multiple knee injuries, Elton Brand became inconsistent during the last two seasons and his scoring suffered. However, the 33-year-old still managed 50 percent shots from the field last season and is even now quite capable in transiting from the Philadelphia 76ers’ defense and offense.
So theoretically, teams like the Houston rockets, Charlotte Bobcats, Cleveland Cavalier, Phoenix Suns and the Dallas Mavericks are position to claim Elton Brand off waivers owing to a better cap situation. If Elton Brand remained unsigned even upon waivers, then he will enter the market as a free agent.
Elton Brand’s release by the Philadelphia 76ers was meant to free the team’s salary cap for signing free agent guard Nick Young and center Spencer Hawes.
Nick Young is coming-off a season in which he averaged 14.2 points with the Los Angeles Lakers. The guard was acquired by the Los Angeles Clippers through a three-team trade that sent Nene to the Washington wizards and JaVale McGee with the Denver Nuggets in March. Nick Young served with the Washington Wizards during his initial four-years in the league. During his last season with the franchise in 2010, Nick Young averaged 17.4 points; while he has an 11.3 points average throughout a seven-year NBA career.
The Philadelphia 76ers reportedly enticed Nick Young with a one-year contract estimated at $6 million or closely above. However, Nick Young’s contract with the Philadelphia 76ers will only officiate on 11 July, the first day that will begin league wide new contract business.
Nick Young will likely fill the position vacated by guard Lou Williams, who opted out of the final year of a $6.4 million contract with the Philadelphia 76ers.
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