As teams clear cap space to finalize signings and trades, it may mean renouncing Early Bird or Bird rights to their own free agents, in order to remove cap holds from the books. Once a player is renounced, his previous team has no more claim to him that any other team — he could still be re-signed, but it would have to be done using cap space or an exception. Some of those decisions are more notable than others, but for completion's sake, we'll track the latest of these cap-clearing moves right here:
- Mo Williams is the most prominent name among the several whose rights the Jazz renounced today, according to the RealGM transaction log. Al Jefferson, DeMarre Carroll and Earl Watson, who already have deals to join other teams, are also on the list, as are the long-retired Brevin Knight and Greg Ostertag.
- Bobcats are set to re-sign Josh McRoberts, but they won't be using their Early Bird rights to do so, as they've renounced his rights, RealGM shows. The team also renounced their rights to Reggie Williams, who's heading to the Rockets, and it cut ties with DeSagana Diop, Byron Mullens and Jannero Pargo, too.
- Golden State will sign Jermaine O'Neal, so the Suns have renounced his rights, as well as their rights to Wesley Johnson and Diante Garrett, as RealGM notes.
Earlier updates:
- The Hawks have cleared out unwanted cap holds from their books, renouncing their rights to Hilton Armstrong, Erick Dampier, Devin Harris, Dahntay Jones, Randolph Morris, Zaza Pachulia, Johan Petro, Josh Smith, and Etan Thomas, according to RealGM.com's transactions log.
- RealGM.com also has the Trail Blazers renouncing multiple players, including Luke Babbitt, J.J. Hickson, Eric Maynor, and Nolan Smith.
- Most interestingly, according to RealGM.com, the Bucks have renounced their rights to Monta Ellis. That doesn't necessarily preclude a sign-and-trade, but it would mean the team would have to use cap space rather than Ellis' Bird rights to accommodate a deal.
- The Pelicans have renounced their rights to Louis Amundson, Xavier Henry, and Roger Mason Jr., the team announced today in a press release.
- In order to clear cap room for their signings, the Pistons renounced Will Bynum, Jose Calderon, Vernon Macklin, Corey Maggette, Jason Maxiell, and Ben Wallace, according to RealGM's transactions log. The Pistons plan to re-sign Bynum, but removing his $6MM+ cap hold and signing him to a smaller figure using cap space makes the most sense.
- After renouncing their rights to Chauncey Billups and Lamar Odom, the Clippers have also renounced Bobby Simmons, according to RealGM.com's transactions log.
