Amnestying Carlos Boozer Won’t Solve Chicago Bulls’ Financial Crisis

December 11th, 2012 by Kelly Scaletta Leave a reply »
There has been a kind of mythology built around the Chicago Bulls that by amnestying Carlos Boozer this year, they'll have the opportunity to grab hold of a quality free agent next year. That's not quite true when you take a look at what the actual numbers are. 

First, let's take a look at the current roster of players, taking into consideration those who are under contract next year. 

Player 2013/14 Derrick Rose $17,632,688 Carlos Boozer $15,300,000 Luol Deng $14,312,125 Joakim Noah $12,100,000 Richard Hamilton $5,000,000 Kirk Hinrich $4,059,000 Taj Gibson $7,550,000 Jimmy Butler $1,174,080 Marquis Teague $1,074,720  TOTAL $78,202,613  

That puts the Bulls well out of being able to obtain anyone significant through free agency. They would be unable to even sign anyone to a full mid-level exception. 

The mythology states there are two things they could do to provide for a little economic breathing space. They can amnesty Carlos Boozer and they can waive Rip Hamilton, reliving them of all but $1 million of their obligation to him. 

That would leave their ...

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