Allan Houston Rule - Amnesty Clause

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LA Clippers Junkie
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They named the rule after Allan Houston because of his contract...and the Knicks didn't even use the rule to cut him. LOL The guy has the rule named after him and he wasn't even used with the new rule. :icon_conf

All "amnesty" rumors will come to an end soon. The deadline for releasing a player via the amnesty clause ends tonight at midnight. The provision allows teams a one-time exception to waive a player without paying any further luxury tax on the player's contract. However, team's are not awarded any cap relief.
As for the released player, he becomes an unrestricted free agent and can sign with any team other than his previous employer.

Here's a list of the amnesty casualties thus far:

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New York Knicks: Team president Isiah Thomas announced today that forward Jerome Williams -- aka "Junkyard Dog" -- has been waived as the designated player for the amnesty provision, and not Allan Houston.

The Knicks will be responsible for the $21-plus million left on the remaining three years of his deal. Williams, 32, averaged 4.5 points, 3.6 rebounds and 15.3 minutes in 79 games last season for New York and has career averages of 6.6 points and 6.4 rebounds in 587 games for four teams.

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New Jersey Nets: The team waived guard Ron Mercer on Monday and will save $1.76 million salary on their payroll for next season. The Nets still must pay Mercer for this coming season, but he was not under contract beyond that.

Signed as a free agent on August 12, 2004, the 29-year-old Mercer averaged just 7.6 points and 2.2 rebounds in 18 games for the Nets last season. He missed 63 games due to injury, including 42 for a left knee ailment that required arthroscopic surgery on November 15.

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Milwaukee Bucks: Calvin Booth will have to find a new home as the Bucks waived the center on Monday. The Bucks still must pay Booth more than $13 million over the next two seasons.

Booth was acquired by Milwaukee on February 24 along with Alan Henderson and an undisclosed amount of cash from Dallas for Keith Van Horn. The 29-year-old Booth averaged just 2.5 points and 2.9 rebounds in 11.1 minutes in 17 games with the Bucks last season. In six NBA seasons, he has averaged 4.1 points and 3.3 rebounds in 250 games.

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Philadelphia 76ers: The Sixers waived guard Aaron McKie on Friday. That allows the Sixers to save $19.5 million on the remaining three years of his contract.

Acquired by Philadelphia on Dec. 18, 1997, from Detroit, McKie scored 4,143 points in seven-plus seasons with the Sixers and was the 2001 NBA Sixth Man of the Year award when he helped the Sixers reach the NBA Finals.

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Orlando Magic: [url="http://sports.espn.go.com/nba/players/profile?statsId=817"]Doug Christie[/url] wanted out and he got just that as the team waived him Thursday as part of the NBA's amnesty provision. The Magic still owe Christie the $8.2 million left on the last year of his contract.

The Dallas Morning News reported that the Mavericks have reached an oral agreement with the veteran swingman on a one-year, $3 million deal. Before Christie officially becomes a Maverick, he must wait seven days to clear waivers, according to league rules.

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Los Angeles Lakers: Brian Grant, who was part of the July 14, 2004, trade that sent Shaquille O'Neal to the Miami Heat last July, was waived by the team. Grant is still owed $29.8 million on his contract.



He averaged a career-low 3.8 points and 3.7 rebounds last season while bothered by chronic tendinitis in his knees. He also had a neck injury in training camp and spent a month on the injured list because of the tendinitis.

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Portland Trail Blazers: Derek Anderson was the league's first player to be waived under the amnesty clause. Portland must pay Anderson the nearly $19 million for the two years remaining on his contract, but will not pay any luxury tax on the contract, which remains on the Blazers' payroll.

In his four seasons with Portland, Anderson averaged 12 points, 3.1 rebounds and 3.3 assists in 244 games.
 

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Houston will probably retire.

Funny thing is the owners are still handing out ridiculous contracts. Figure they would have already learned a lesson from the above listed garbage players.
 

LA Clippers Junkie
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Tesco Vee said:
Houston will probably retire.

Funny thing is the owners are still handing out ridiculous contracts. Figure they would have already learned a lesson from the above listed garbage players.

Houston just said he doesn't understand where the rumor is coming from that he will retire. He has no intention of retiring:

http://www.thejournalnews.com/apps/pbcs.dll/article?AID=/20050815/SPORTS01/508150315/1108/SPORTS01

"What I will say is the retirement thing is something I've been laughing at, you should be laughing at, everybody should be laughing at," (Allan) Houston said yesterday while taking a break from his second annual Father and Son Basketball Retreat. "It is kind of frustrating. As much as I've communicated to everyone that I'm not going to retire, it's like people still don't know. I'm not going to retire. I'm still going to play."
 

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