In none of the forums and blogs have I seen discussion of the new provision in the new CBA that allows players to reduce their own yearly salary (up to 40%), and spread it out over more years. I presume the only reason for such a move would be to make room under his own team's salary cap. It seems close to the kinds of renegotiations that go on in the NFL.
Here is the summation:
A new "renegotiation and extension" provision allows an existing contract to be renegotiated so the player is paid a smaller amount over a longer period, but the player's salary cannot decrease by more than 40 percent. Renegotiations previously could only increase a player's salary.
Does anyone know if Kobe took this seriously and adjusted his salary downward ($25,244,000, $27,849,000 and $30,453,000), and/or the same for Ron MWP, that this would facilitate room for Howard or a "big" trade, would it make a difference? It does not seem like it would take the Lakers out of the tax paying bracket, but it could make the team much more open to taking on salary. (I assume this could have saved Odom as well.) Or can Hedo renegotiated his salary to fit our trade exemption?
Can't find any details on this provision, there must be restrictions. The best new CBA description I found is this ESPN comparison, and it does not mention it.
Any thoughts or details you have found?