After what feels like a never-ending string of speculation from the moment the NBA lockout concluded, the Chicago Bulls have finally ended the Carlos Boozer era.
The Bulls officially used their amnesty provision on the former All-Star forward on Tuesday, a move that should carve out enough cap space for Chicago to make additional moves this offseason:
Boozer thanked the Bulls organization for the past four years:
Boozer, 32, was heading into the final season of a five-year, $75 million contract he signed with the Bulls in 2010. Put into the most recent collective bargaining agreement to help owners avoid onerous luxury-tax charges, the amnesty provision allows teams to release one player who was signed before the previous CBA expired and have his cap number wiped away.
Chicago nets $16.8 million in savings on its cap by waiving Boozer. There are only nine teams remaining that have not taken advantage of the amnesty provision, and as ESPN.com's Marc Stein pointed out, the Thunder are the only franchise that could realistically make such a move.
Read Full Article at Bleacher Report - NBA
Article written by Tyler Conway
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