FanShot

" A new "renegotiation and extension" provision allows an existing contract to be renegotiated so...

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" 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."

http://basketball.realgm.com/wiretap/217163/Players_Can_Renegotiate_Existing_Contract_For_Smaller_Amount_Over_Longer_Period#ixzz1fyvYQIIc