The San Antonio Spurs have elected to use the amnesty clause on their contract with Richard Jefferson, according to Adrian Wojnarowski of Yahoo! Sports.
Jefferson has three-years and $30 million remaining on his contract, which will now be eliminated from the San Antonio Spurs' salary cap. Under the new collective bargaining agreement agreed upon by the owners and players earlier this month, teams are allowed to waive one player from their team and remove that contract from their salary cap. Team’s will now soon be allowed to place bids on Jefferson during the amnesty waiver process.
Wojnarowski reports that the Spurs will now attempt to find a small forward which will allow them to use their mid-level exception of $5 million per year.