- Joined:
- Jun 25, 2010
- Posts:
- 41,418
- Liked Posts:
- 28,519
One of the options is the stretch provision which gives you more cap space sooner, but he'll be on the books much later.A buyout is a mutual agreement between the team and player where the player agrees to forgo a portion of his remaining salary to enter FA. For example you could try to convince Lonzo to give up 10M of his remaining 40M salary and then you'd owe him 30M total over the remainder of his contract.
The simple answer is, he'll still count against the cap because no way he'll waive his whole contract so for you, just let it play out.
Many feel it best to just pay him his full salary over the next two seasons then be completely done with him.
In the sense that I have moved in favor of the Bulls tanking, it probably does make more sense to keep him on the payroll to eat up salary space. However, it would also depend what the Bulls could do in the 2024 off-season outside of the draft. At that point, you may want to buy out Lonzo's final year via stretch provision if you need the space. Also a possibility in that scenario a team who needs to fill cap space by requirement may take Lonzo's last year in a dump trade, though the Bulls likely have to give up a 2nd round pick or something additionally in such a move.