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Nets Use Amnesty on Travis Outlaw; Gain $7 Million in Cap Space

Avery Johnson announced Thursday afternoon that the Nets will use the amnesty provision of the new CBA on Travis Outlaw, removing the remaining $28 million of his contract from the Nets salary cap. The move was long anticipated.

Outlaw, signed last July after the Nets failed to get a big name, turned into a poster boy for wild spending by NBA owners. He averaged only 9.8 ppg on 35% shooting. Outlaw will now have 48 hours to clear waivers. Teams under the cap can place blind bids for Outlaw and the highest bid would win his contract. If that happens, the Nets liability would be reduced by that amount. If he is not claimed, then he will become a free agent.

Johnson, in announcing the move, said Outlaw was “amnestied” and will be “moving on.” He added that the team “wishes him the best. He played hard for us.”