I'm starting to feel like they like Salmons. is the Amnesty thing a long process, or something that can be done rather quickly? I feel like if we were going to go that route, we'd hear rumblings about it by now.
The Kings have until July 17 to decide to amnesty Salmons
Taken from
http://www.hoopsrumors.com/2012/05/amnesty-provision.html
Amnestied players are placed on waivers, but the waiver rules are slightly different than usual. A team can still place a full waiver claim on an amnestied player, if it doesn't mind being on the hook for the rest of the player's contract. However, a team also has the option to submit a partial waiver claim, in what essentially amounts to an auction for the player's services. If no team places a full claim, the team with the highest partial claim is awarded the player. If two teams bid the same amount, the club with the worse record wins out.
When a team lands a player with a partial claim, it must pay the player the amount of the bid, spread out evenly among the remaining years on the contract, along with 100% of any non-guaranteed salary in the contract. For instance, when Travis Outlaw was amnestied by the Nets with four years and $28MM remaining on his contract, the Kings submitted a $12MM bid. Sacramento will now pay Outlaw $3MM ($12MM spread over four years) for each of the next four seasons, while the Nets pay the remaining annual $4MM, which doesn't count against their cap.
The minimum amount a team can submit for a partial waiver claim is whichever of the following amounts is greater:
The sum of the player's minimum salary for all remaining years of his contract, except for non-guaranteed years.
The sum of the player's non-guaranteed salary in partially guaranteed years.
In the case of Outlaw, because he had no partially guaranteed years on his deal, the minimum bid for him would have been about $5.3MM -- the sum of his minimum salary for the next four years. Any team submitting a partial claim for an amnestied player must have the necessary cap space to fit the annual amount of its bid. For example, the Kings needed $3MM in cap space when they made their $12MM claim for Outlaw.
If an amnestied player is not claimed on waivers, he becomes a free agent, able to sign with any team except the one that released him. A club is ineligible to re-sign or re-acquire its amnestied player for the remainder of his contract (including ETO years, but not team- or player-option years).