The amnesty provision, included in the last CBA, allows teams a one-time chance to release a player and remove him from its salary cap and luxury tax computations.
Boozer will go on amnesty waivers, in which teams with cap space available submit blind bids, with Boozer going to the team with the highest bid. That team would be obligated to pay him whatever it bid, and the Bulls would pay the difference in his $16.8 million salary (though that would not count towards Chicago's cap).
Boozer is in the final year of a five-year, $75 million contract signed in the summer of 2010. Last season he averaged 13.7 points and 8.3 rebounds on 45.6 percent shooting. He was a salary cap casualty after the Bulls signed former Los Angeles Lakers center Pau Gasol and international prospect Nikola Mirotic.
Wojnarowski also reports that teams must have at least $1.448 million — Boozer's minimum salary — in cap space to submit a bid on him. The Charlotte Hornets and Atlanta Hawks are reportedly early favorites to make bids.
- Alex Hampl