A few years ago, the NBA bailed out a bunch of GM's by letting them waive one player with no luxury tax implications. Yes, the cap number still counted... and the players still got all the money owed to them... but owners weren't hit with the double-whammy of having to pay these guys AND a dollar-for-dollar luxury tax.
Well, because of the bad economy, the NBA is considering doing it again.
But it's not a foregone conclusion:
As a strictly business move, I can see
why the NBA would try to do whatever it could to make as many teams as
competitive as possible. But it's the wrong move. And I simply can't
stand the thought of crappy General Managers getting any kind of
do-overs.
Hey... you're the one that sucked and handcuffed your franchise. You
deal with it. It's the NBA's version of survival of the fittest. Hand
out too many bad contracts and you lose your job. End of story. The
more you bail out these guys who can't evaluate talent, the more you
keep their ilk around. No one is learning any lessons from mistakes of
the past. The more you bail teams out like this... the more likely you
are to keep the Chris Wallaces of the world around... and that just
means the next Sam Presti doesn't get his chance.