knickscity
Benchwarmer
By working with Carmelo Anthony, Amar'e Stoudemire and, perhaps, Chandler to restructure their contracts through a provision included in the new collective bargaining agreement, which was ratified and approved on Thursday.
According to a memo from NBPA executive director Billy Hunter, which was obtained by ESPN.com, "players may engage in renegotiation and extension, but the players' salary cannot decline by more than 40 percent."
That's only for teams under the cap.
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