Richard Hamilton bought out for $8 million

Vincent Goodwill of The Detroit News:

"Source confirms: #Pistons buyout of Richard Hamilton in the neighborhood of $8 million. Which is why no Amnesty Clause. $11M in savings"

That’s a heck of a bargain. Richard Hamilton will count against the cap $4 million each of the next two years. That might even get the Pistons under the cap to the point they can bid on amnestied players, like Chauncey Billups.