The hot topic right now in the NBA is the amnesty provision of the new collective bargaining agreement. The next thing to take a closer look at is the stretch exception, which is a mechanism that is designed to give relief to teams that make mistakes once the new collective bargaining agreement goes into effect. (The stretch exception does NOT apply to contracts signed under the old CBA). Here is the exact wording regarding the stretch exception from the memo that was
Introducing the “stretch exception”
From Howard Beck of The New York Times, reporting on what has been agreed to by the owners and the players: “There will be a one-time “amnesty” provision that will allow each team to waive a player (with pay) without his salary counting against the salary cap. There will be a “stretch” exception, available every year, allowing teams to waive players and stretch out their remaining salary over a number of seasons, thus reducing the annual salary-cap hit. The midlevel exception will be