Orlando Magic Waive Gilbert Arenas Using Amnesty Clause
The Orlando Magic have waived Gilbert Arenas using the amnesty provision in the new Collective Bargaining Agreement, the team announced Friday afternoon via press release. The move continues a day of roster re-tooling which saw the team trade starting power forward Brandon Bass to the Boston Celtics for Glen Davis. Training camp starts Friday evening.
Under the amnesty provision, Arenas will receive his full salary as scheduled, but the Magic will "have 100% of the player's salary removed from the team salary for Cap and Tax purposes," according to the NBA's website. Arenas becomes a free agent and cannot re-sign with Orlando.
The decision to part ways with Arenas comes less than a year after Otis Smith, Orlando's President of Basketball Operations, made the controversial decision to trade starting power forward Rashard Lewis to the Washington Wizards for him. Hobbled by multiple knee injuries which robbed him of his once-lethal explosiveness, Arenas struggled in Orlando, averaging 8 points in 21.8 minutes per game and shooting 34.4 percent from the field. Further, he and coach Stan Van Gundy had a rocky relationship, as Arenas was used to dominating the ball and freelancing, whereas Van Gundy encouraged him to run an offense.
The Arenas experiment, in short, proved to be a dismal failure, but the amnesty clause enabled the Magic to save face. Yes, he'll still draw a paycheck from them, but it's more important that he's no longer on the court for them.
Orlando wasted no time in parting ways with Arenas; the NBA informed teams early Friday afternoon they could use the amnesty provision between December 9th and 16th, with Orlando taking action shortly thereafter.
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shame we had to endure the experiment...
BUT WOOOOOOOOOO!! I CAN’T EVEN FEEL MY FACE RIGHT NOW LET’S CELEBRATE!!
by omgwtfpaul on Dec 9, 2011 2:56 PM EST reply actions 1 recs
Are the Magic willing to jump back into the luxury tax with a Jason Richardson sign/trade?
Or was this specifically a move to complete the Bass/Davis deal, and save the franchise a whole lot of money?
Also, doesn’t this give us the full MLE? Are there any interesting targets who might take that money?
Interesting...
Who do you think the Magic are targeting for the full MLE?
by aTasteLikeBurning on Dec 9, 2011 2:57 PM EST reply actions
I see the Arenas time as an extension of the horrible Lewis contract.
And now that contract is off the books finally. Let us never make that mistake again.
The intensity has to go up, up! Not down...UP! -Stan Van Gundy
Yes!
I had a shaky feeling that Otis loved Gil too much and wouldn’t do it. Good job Otis.
So, we have 3 mil to sign someone? Or does that go away with the Big Baby trade?
"A man has got to have a code." -Bunk, Season 1; Omar, Season 4.
I think we now have the full MLE, which is in the ballpark of 5 mil.
But I’m really wondering what happens with J-Rich now.
Can the Magic retire the "1" jersey now? That number is cursed.
Magic Fan since the 1992-1993 Season.
Caracas, Venezuela.
by North of the South on Dec 9, 2011 3:05 PM EST reply actions 1 recs
There goes the "restructuring Arenas" meme.
And, not my money, but RDV should be ticked that he has to pay that salary at all. #Otisfail (or is that redundant ?)
"...sometimes your eyes lie to you..." ~SVG | I'm on Twitter
The city of Orlando ponied up for the new arena
He should spend as much as he needs to in order to keep Dwight and put a competitive team on the court.
by zachfire9 on Dec 9, 2011 3:19 PM EST up reply actions 1 recs
My point is that the trade for Arenas was an utter disaster on Otis' part.
"...sometimes your eyes lie to you..." ~SVG | I'm on Twitter
I'm sure RDV would much rather pay Arenas and not have to look at him sitting on the bench
Out of sight, out of mind!!
by bumper64 on Dec 9, 2011 3:14 PM EST reply actions 1 recs
Could've amnestied Rashard and saved $20M. Thanks, Otis. No Christmas bonus for you!
"...sometimes your eyes lie to you..." ~SVG | I'm on Twitter
by magicfaninTN on Dec 9, 2011 3:20 PM EST up reply actions 1 recs
The rule is clear that prior to the start of any season of CBA a player could be amenstied (other conditions applied), and
“100% of the player’s salary removed from the team salary for Cap and Tax purposes”. The question is what is the definition of “CBA season” especially for this delayed season? I am assuming that window of Dec 9-16 has been provided for this purpose after which the season officially starts.
Here is the entire provision on amnesty.
Amnesty:
• 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.
Fucking Idiots. He was the only good thing about this team
Have fun in mediocrity for the next 20 years
The NBA: Where Donaghy Happens.
by imissnoch on Dec 9, 2011 3:37 PM EST reply actions 5 recs
I thought JJ was the only good thing
"Generally, when I draw the play, it's just who's going where. Maybe I have not made it clear enough that we would like the ball to go in the basket."
by AB's triple double on Dec 9, 2011 4:09 PM EST via mobile up reply actions
With Arenas' salary off the books our total salary this season is $55,547,315 not signing Jason Richardson.
I think we can still offer Richardson a one year deal to keep the team competitive, yet being able to sign a max player next year. Alternatively, we could get in the trade bidding for a top PG (Paul or Williams) or SG now and be able to sign them next summer on Bird rights, if their contract expires. That is all dependent on Dwight’s committing to stay so we could lure those talents.
We'd have to clear a lot of room between now and then to sign a max player in addition to Howard.
It seems to me our smartest move is to try and use Jason Richardson now as a chip in a sign/trade.
by Jtyler998 on Dec 9, 2011 3:45 PM EST up reply actions 1 recs
Gee it'd be nice to have a trade chip like Brandon Bass for that...
oh.
The intensity has to go up, up! Not down...UP! -Stan Van Gundy
My head is still spinning, and I'd like to get everybody's thoughts:
After Monday, the Magic said they’d “spare no expense” to retain Howard.
As reported by John Hollinger, waiving Arenas may have been necessary to complete the Glenn Davis trade, but it also puts the Magic under the tax threshold by quite a lot.
As Alex Kennedy reported, trading for Glenn Davis is clearly an effort to appease Dwight Howard. But there’s no way it’s enough, especially since it in no way addresses our greatest area of need — scoring from the wing.
Otis mentioned re-signing Jason Richardson as a “top priority”, but I’m not convinced that’s what he has in mind. There are several teams out there who are interested in signing him, so a sign/trade seems logical.
It would put is back into the luxury tax, but it’s the only way we can do it, right? We can do it by re-signing a player, and then make a trade in which the salaries match.
A couple of things:
1 – Davis’ contract is reportedly equal in value to Bass, but his contract could be stretched while Bass’ couldn’t.
2 – I f we re-sign Richardson, we could then use his contract value plus $2.5M which we are under the cap to trade for a player. If we are able to do it before Dec 16, we can then use the Bord’s right on the received player, if his contract expires at the end of the season (i.e., Paul or Williams).
I admit that it may take a lot of creativity to pull such trades off since we don’t have much trade assets, but it is not impossible.
First practice of the year starting now.
Dwight Howard is in the building. Gilbert Arenas is not. It’s a start.
THIS FTMFW
In O'Ventbrel We Trust
ALL GLORY TO THFC
VICK-VICK-VICKADELPHIA
I believe in MAGIC
Sold my Soul to the Devils
What kind of big?
Big as in Prokhorov is going to abduct Dwight Howard and then literally blow Orlando off the map? Or big as in extra special fireworks at the Magic Kingdom?
Not sure
But I know he’s the villain in NBA 2K12. At least in my copy.
by Blankitout on Dec 9, 2011 4:19 PM EST up reply actions 1 recs
I dunno if i can trust Randolph
he said that the magic were going to get cp3
Don't be a follower homie, be a leader! And if I lose you on twitter, then so be it
by supermantotherescue on Dec 9, 2011 4:41 PM EST up reply actions
Unlikely as it is, I don't think it's impossible.
Sam Amick of SI just reported –
Sources confirm New Orleans is talking Chris Paul deals again. 3-team deal w/ Lakers, Hou might still have hope, but others discussed too.
Someone other than LA could still get CP3.
no i meant
he said that before the lakers traded for him..he hasn’t said anything about cp3 to magic anymore
Don't be a follower homie, be a leader! And if I lose you on twitter, then so be it
by supermantotherescue on Dec 9, 2011 4:48 PM EST up reply actions
And he said we were in the running for Battier.
“has a feeling” isn’t even “sources”
"...sometimes your eyes lie to you..." ~SVG | I'm on Twitter
Levels of Informaton
1. Irrefutable Proof
2. Confirmed Sources
3. Sources
4. Gut tells me
5. Have a feeling
6. Stuff coming out of my butt
If the Magic must trade Dwight to the Lakers, the trade better include Gilbert Arenas as well. I want the Lakers to suffer.
Interesting move
If management accepts that the Lewis for Arenas swap was a mistake you’d think that an extra year of max money that the Magic are paying would be enough to get Otis fired.
'Coach, Dwight is a nice guy. Dwight don't hit anybody. But Superman will knock the crap out of you.' - D12
EXACTLY!
Orlando magic should fire Otis already.
The man just cost them an extra $20 million dollars for christ stake…
And before anyone says “well that’s the owners money so I don’t care” remember this, the owners will always shift the cost of that $20 million mistake onto the fans with increased costs for tickets =(
by ap3604 on Dec 9, 2011 4:31 PM EST up reply actions 1 recs
The time is of the essence, and something has to be done before Dec 16.
Magic brass needs to have clear prioritized plans for each player they can get – via different means – organized in a “conceptual framework” to be presented to Dwight and his agent. Simultaneously, they need to start getting on the phones probing different options concurrently. Within 24 hours, they should be able to have a clear understanding of what IS or IS NOT feasible.
I wonder if this is what they're doing by allowing him to seek trade options
Also, Alex Martins seemed pissed off by it which means he’s mad at Otis, which means Otis = Fired?!!?!
:D
"Summer, Spring, Winter, Fall, All I do is ball. All I do is ball." - B. Bass - Billion Dollar Dreams, Winter 2011.
http://www.twitter.com/JShannonhouse3
http://www.twitter.com/Amway_Get_Loud
and in a "relevant" OT... RIP Brandon Roy.
I’ll miss the vs Dallas heroics kinda like player you were.
Don't mind my spelling. I'm a Typo Master.
Yeah, really unfortunate that he had to retire.
He was one of the “good” superstars, and he was a joy to watch. That Blazers team had so much potential, but losing the #1 pick big man and a bonafide franchise player at SG due to injuries is just too much to overcome.
"We just want to chill" - Chris Bosh.
Proud Jameer and Rashard apologist since '07

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