How Does Bender's Release Affect Cap?
Thursday, June 15, 2006
Q. As Bender has now officially been waived, is this because the Pacers were not able to get a medical exemption for his salary? Also, will he still count again this year's salary cap?
(From Andrew in Avon, Ind.)
A. The waiving of Bender brought closure to his career with the Pacers. Shortly after he announced in February that he would be unable to continue his career due to the medical condition of his oft-injured knees, the Pacers applied for salary-cap relief from the league. Though the remainder of Bender's contract was paid by an insurance policy, the team hoped to clear his salary from the books for both 2005-06 and 2006-07, the final two years of his deal.
After studying the medical reports, the NBA did grant that relief to the Pacers, which reportedly removed nearly $8 million from the 2006-07 cap number
. Bender's release means the Pacers currently have nine players under contract for 2006-07. That does not include free agents Peja Stojakovic, Scot Pollard and Eddie Gill, or potential free agent Fred Jones. The Pacers must make Jones a qualifying offer by June 30 to retain the right of first refusal.