By Matt Moore
Thirty-five million dollars.
That's the amount of money the New Jesey Nets just wiped off their cap space today by using the amnesty clause provided by the new Collective Bargaining Agreement to waive Travis Outlaw. The Nets are free to unwisely spend their money again.
Outlaw will still make all $35 million dollars, it just won't be applied to New Jersey's cap. And in doing so, the Nets clear more space to take on a big contract, like, oh, I don't know, just off the top of my head, Hedo Turkoglu.
Outlaw was brought in as part of the Nets' efforts last summer to spend their way into victories after having whiffed on every major free agent on the market. They had tons of cap space and nowhere to go with it, so they gave money to Anthony Morrow, Outlaw, and Jordan Farmar, along with the most egregious deal, Johan Petro's 3-year, $10 million deal. Outlaw was the bigger drain, though, as he absolutely bottomed out, posting a career low in field goal percentage and PER (a dismal 8.8).
It was also revealed that Outlaw has a broken right hand, which will likely delay his signing by any team in particular for a while. He will likely clear waivers and be an unrestricted free agent.