bajaden
Hall of Famer
No, I don't think that's quite correct. This was actually a really tough one to chase down, but I'm pretty sure I finally got it.
When a player is amnestied:
1) Any fully unguaranteed seasons on the contract go away. (Does not apply to Salmons)
2) The original team is (initially) on the hook for the entire sum of the guaranteed money in the contract. As far as Salmons goes, Kings would be on the hook for $7.583M ('13-'14) + $1M ('14-'15). Kings would not be on the hook for $6.5M unguaranteed ('14-'15).
3) The player is made available for waiver claims. Any team claiming a player with any partially guaranteed seasons must fully guarantee those seasons as a condition of the waiver claim. As such, the absolute minimum waiver bid for Salmons would be $6.5M (to fully guarantee the second season).
So if there were no bid for Salmons, we would owe him $8.583M and he would be a free agent. (If he were to then sign a contract somewhere else I think we would get reimbursed for the amount of his new contract, but I'm not certain.) If there was at least one bid, then Salmons would be under contract with the winning bidder for two years. Any amount in the winning bid over $6.5M would be reimbursed to us, going towards our $8.583M.
At any rate, if we amnesty Salmons, we cannot be responsible for any of the unguaranteed money, but we can be responsible for 100% of the guaranteed money (and we'd be lucky to get more than a minimum salary's worth of reimbursement when all is said and done.)
Arrrrgh! I knew I should have read futher down before explaining how amnesty works. My bad! I hate redunditcy....