Why would Horford get bought out before the last year of his deal. This isn't a toxic player like Waiters, no one wants dead money like that on their cap even if he's out of the rotation.
Stretched? Something like this some time next year if it isn't working?
https://bleacherreport.com/articles/2800102-knicks-cut-joakim-noah-after-reportedly-failing-to-agree-to-buyout
It does save them money if he accepts a buyout cause he is really miserable right?
Joakim Noah is dead money on the Knicks cap that they didn't even need to stretch in the end. The premature waive/buyout was a massive mistake by the front office.
Why would the 76ers repeat it?
If they stretched Horford, whatever the total amount paid to him in the end would be stretched over 2X + 1 where x is the number of years remaining. That's money they cannot move/trade/use, just have less salary cap/luxury room to work with than the rest of the league.
After this year: 9.85 over 7 years
After next year: 8.3 over 5 years
Last year: 4.83 over 3 years
Losing 8% of the cap for the rest of your star centers prime isn't viable unless he's Dennis Rodman level disruptive in media and behind the scenes. Not unless they do it to facilitate some other big move involving a lot of other pieces.
He's not getting waived until the last year of his deal. Especially since waiving him does NOT give the 76ers meaningful flexbility going forward. Tobias Harris/Embiid/Simmons contracts alone put them out of salary cap space.