Re: 2013 Mike Miller Thriller - Amnestied , Cavs interested ???
This is the minimum bid:
The minimum bid for a partial waiver claim is whichever of the following is larger:
The sum of the player's minimum salary for all remaining years of his contract, except for completely non-guaranteed seasons (seasons with 0% salary protection) which are ignored for this purpose.
The sum of all non-guaranteed salary in partially-guaranteed seasons.
For example, if a 10+ year veteran is amnestied in 2012 with three years remaining on his contract at $10 million each season, and his salary is guaranteed 100% in 2012-13, 60% in 2013-14, and 0% in 2014-15, then the minimum bid for a partial waiver claim is $4 million -- the unprotected amount in the partly-protected 2013-14 season, which is larger than the sum of the minimum salaries for the 2012-13 and 2013-14 seasons. Since the 2014-15 season is completely unprotected, it is ignored when determining the minimum bid amount.
If instead the above player's salary was 100% guaranteed in all three seasons, the minimum bid amount would be $4,200,178 -- the sum of the minimum salaries for a 10+ year veteran for those three seasons.
In order to submit a bid for a partial waiver claim, the bidding team must have cap room equivalent to the portion of their bid that would be charged to team salary in that season, plus the amount of any likely bonuses (see question number 72) for that season. If necessary, teams can create this cap room by waiving non-guaranteed players, but not by making trades. The team must make the cap room available immediately upon being awarded the amnesty claim.
An amnestied player's Bird clock does not reset when he is awarded to the team with the winning bid. In addition, for the purpose of the Bird exceptions (see question number 25) his prior salary is considered to be his full season salary. For example, if a player with a $10 million salary is amnestied, claimed by another team for $1 million, and subsequently becomes an Early Bird free agent, his free agent cap hold (see question number 37) is $13 million (130% of $10 million), and his team can re-sign him for up to 175% of his full $10 million salary (subject to maximum salary restrictions) using the Early Bird exception.
The waiving team may not re-sign or re-acquire the player for the length of his contract (which includes seasons following an ETO, but does not include seasons following an option), and the claiming team is prohibited from trading the player until the following July 1.