The $3mm has no impact on anybody's cap space. It is simply a cash payment.
There are only two ways that we could clear all or a significant portion of Tinsley's salary:
1. Tinsley could claim non-performance and void the contract (which is actually his remedy in the boiler plate player's contract). This is a virtual impossibility.
2. The Pacers could find someone below the cap willing to trade a pick for Tinsley, or they could find somebody willing to trade a largely unguaranteed contract for Tinsley. This is a more plausible impossibility.
A buyout always replaces the original contract as the cap amount. It is always pro-rated over the rest of the contract at the same proportions as the original contract.
Here's the latest buyout -- Phoenix for Ben Wallace, saving almost 30%:
"The Suns completed a contract buyout Monday for Wallace, whom they acquired for such financial motivation in the Shaquille O'Neal trade in June. The Suns negotiated a $10 million buyout for a contract that would have paid him $14 million this season.
The Suns could save $8 million as a result of the buyout, because next season's payroll projects to exceed a $69.9 million luxury-tax threshold, kicking in a dollar-for-dollar penalty for the excess."
Looks like Suns just shed $4 million with Ben's contract buyout...
Suns negotiated a $10 million buyout for a contract that would have paid him $14 million in 2009-10.
I wish TPTB could work something out with Tinsley to free up enough money for us to go after Sessions or Jack.
"Cut yourself a slice of life before eternal cold comes down" MRH