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I think it comes down to relationships with agents for the future. If you have a guy that you have no intentions of resigning and who wants a buy out, it just helps the overall relationship with the agent to buy out their client.
Or, it teaches players and their agents that all they have to do is thrown a tantrum against the Cavs, and the Cavs will pay them their full salary and give them their release. So if those are the kind of guys we're trying to attract....no thanks. That's one part of the NBA that just makes me ill.
If players want more freedom to leave a team with which they are unhappy, they should agree to a clause in the next CBA permitting them to reduce their salary in exchange for a buyout. The current CBA prohibits that because the Players Association doesn't like the idea of give backs. Well, if they want more buyouts and "FREEEEEEEEEEEDOMMMMMM!", let them give back some of the cash for the contract they signed, but have since decided they don't want to fulfill.
Otherwise, forget it.