Looks like JKidd let the Knicks off the hook and waived the rest of the money that was due him. Even more respect for him to walk away from 6M dollars even with all the money he made in the NBA.
I recommend reading the below if you are interested in how retired players salaries affect the cap, the new CBA has a stretch provision for players that are waived, retired or bought out that allows you to "stretch" a players salary over a longer span thus decreasing the cap hit.
http://theknicksblog.com/knicks/how-jason-kidds-retiring-affects-the-knicks-salary-cap-situation/
I recommend reading the below if you are interested in how retired players salaries affect the cap, the new CBA has a stretch provision for players that are waived, retired or bought out that allows you to "stretch" a players salary over a longer span thus decreasing the cap hit.
http://theknicksblog.com/knicks/how-jason-kidds-retiring-affects-the-knicks-salary-cap-situation/
