Changes To Buyout And Waiver Process Coming?

A majority of league executives and several owners are concerned with the current in-season contract buyout and waiver process and they’ve been pushing to open the dialogue on a change, Adrian Wojnarowski of The Vertical writes. They have attached support on a request to have the issue addressed during the general managers’ meetings in May, sources tell Wojnarowski.

The owners and executives are worried that the current system has become unfair to many of the smaller and mid-size market teams since players who agree to a buyout often sign with playoff contenders. There’s also concern that the buyout market is suffocating the trade market. The deadline for a player to be released or bought out and still be playoff-eligible is March 1, which usually falls about a week after the league’s trade deadline. Teams know players will be bought out and deadline sellers are unable to get value for their players since opposing teams don’t feel the need to give up an asset for a player when they can wait and simply sign someone productive.

Tampering is another issue within the current system that is expected to be addressed. GMs would like to find a way to avoid pre-arranged deals by the buyout candidates, which would allow more teams to have a chance at the player. In addition, some GMs believe the current system devalues cap space, lessens the purpose of exceptions and creates poor optics for fans and sponsors.

This year’s buyout season saw the Cavaliers bring in two former top-3 overall picks–Deron Williams and Andrew Bogut– despite only having minimum-salaried slots to work with. Bogut is currently out for the year with a broken leg, while Williams figures to play a key role for Cleveland as the team looks to defend its title in this year’s playoffs.

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