Originally Posted by DanH
Yep. It is possible the player accepts a buyout below the full amount, which would reduce his cap hit, but it is rare.
Also possible, but rare, is that the waived player gets picked up on waivers, and another team assumes his contract, thus removing his cap hit.
with the current team we are 2.3M over the tax
since Camby is begging for a buy out...if for example he accept a buy out of 2M this year and the remaining 2M next year (we are under the tax next year anyway)
first - is this legal
second - is this means with LK still in we will not hit the luxury tax as camby will only account for 2M this year.