Richard Hamilton’s buyout might be about twice as much as previously reported

Larry Lage of the Associated Press:

#Pistons will clear $8 million in cap space with buyout, but it’s $4 million this season and $4 million next yr

This contradicts a report by The Detroit News’ Vincent Goodwill, who said Richard Hamilton was bought out for $8 million. If that deal seemed too good to be true, it probably was.

Lage’s tweet is still a little ambiguous, but $17 million appears most likely. I’m trying to attain an exact figure.

Update: Justin Rogers of MLive.com said the buyout was $11 million, confirming part of what Lage wrote. Unless I see differently, I’m going with an $11 million buyout.

Tags: Richard Hamilton

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