Chauncey Billups & Gilbert Arenas Are First Victims Of The NBA Amnesty Clause

Not caught up with your amnesty checker? I got you!! Keep in mind that a player waived via amnesty are entered into a blind pool where teams that are currently under the salary cap are allowed to bid on his services.

• The Orlando Magic have used the clause on guard Gilbert Arenas. Traded to the Magic in December of 2010, Gil has $63 million left on his contract. Who didn’t see this move coming.

• Knicks guard Chauncey Billups was waived to help complete a transaction that will net the Knickerbockers Former Mavericks center Tyson Chandler. Billups had 1 season left at $14.2 million. Billups is reportedly not a happy camper that a random team can acquire his services because of provisions in the clause.

• Phoenix Suns guard Vince Carter wasn’t a victim of the amnesty clause but he has been waived by the Suns. A buyout agreement of $4 million got the deal done. The Mavs are said to be one of the teams interested in Carter

• Detroit Pistons guard Rip Hamilton is expected to be bought out by the Pistons. The Chicago Bulls are said to have interest in signing the guard