Richard Hamilton’s buyout might be about twice as much as previously reported
By Dan Feldman
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.