Re: KG retires after season
posted at 1/28/2013 9:44 AM EST
In response to TommyRules's comment:
If KG wants to retire, Boston is not required to pay him.
A player can't just retire and expect the team to pay his salary.
Sometimes the player and the team agree to pay all or some of the salary.
For KG's contract to come off of Boston's books, he would have to file retirement papers with the league. Rasheed never filed the retirement papers.
61. What are the rules for retired players? What if the player suffers a career-ending injury?
The only exception to this is when a player is still under contract, wants to quit, and his team doesn't want to let him out of his contract. Under these circumstances the player can file for retirement with the league. The player is placed on the league's Voluntarily Retired list (see question number 77), forgoes his remaining salary, and cannot return to the league for one year. The latter requirement prevents players from using retirement as an underhanded way to change teams, and can be overridden with unanimous approval from all 30 teams. For example, guard Jason Williams signed with the LA Clippers in August 2008, then changed his mind the following month, announcing his retirement. He applied for reinstatement in early 2009, but his request was denied by a vote of 24-6. Williams later signed with the Orlando Magic once the one-year anniversary of his retirement announcement had passed.
Any money paid to a player is included in team salary, even if the player is no longer playing or has retired.
+1 I don't see how money could count against the cap if a guy retires...and the paperwork is filed.
If KG did waive his no trade, I think the only place he would go is Houston (McHale). It would make the Rockets a much better team. I don't think he does waive it though