The Washington Post

Orlando Magic use amnesty provision on Gilbert Arenas

(Susan Walsh / Washington Post)

The amnesty clause in the new collective bargaining agreement between the NBA and players’ union allows teams to remove the worst contracts from their books and, with around $62 million remaining on his contract, Arenas, a disappointment in Orlando, was a shoo-in for that designation.

The Magic will pay all of the $62 million unless a team puts in a bid for him in a modified waiver-wire process. The remaining money Arenas is owed will come off the team's salary-cap and luxury-tax totals immediately, according to the Orlando Sentinel.

Arenas, a former all-star guard, was shipped from the Washington Wizards to the Magic in exchange for Rashard Lewis in December 2010.

After spending most of her career in traditional print sports journalism, Cindy began blogging and tweeting, first as NFL/Redskins editor, and, since August 2010, at The Early Lead. She also is the social media editor for Sports.


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