With the amnesty clause, don't teams still have to pay these contracts? As much as some teams want to get rid of Arenas or Lewis or whoever I don't think they're will shell out $100 million + just to have them walk away.
I thought the amnesty was that they don't count against the cap, which would only matter financially to teams well over the luxury tax.
I suppose for some teams it could get them under the cap to sign more free agents, but is that worth it to teams like Orlando and Washingington, who don't have $100 million to drop just for a "chance" at Dwight Howard?
I don't see it being used on guys with multiple years left on their contracts unless they are literally worthless.