For the rest of February, NBA buyout market figures will be active. A veteran in an unwanted situation because of his playing time or his team`s place in the table (or both) could apply to be fired and may even be willing to return some money to accommodate the move. Some teams could make this decision unilaterally and choose to release a veteran to open a service board spot to a younger player. The buyout market, while enticing for teams on the margins of the waist looking for the last piece to put them above the bump, usually comes short in its overall success. That doesn`t mean teams can`t put lightning in a bottle like the Celtics with PJ Brown in 2008, but the odds are very unlikely. Reading and understanding the NBA collective bargaining agreement can be like learning a new language. So, to save time, here are some frequently asked questions (and answers) when it comes to the NBA`s short but dazzling buyout season. Buyback contracts became particularly popular during the shortened 2011-12 lockout season, when Kenyon Martin, Patty Mills and Wilson Chandler each practiced NBA-Out clauses mid-season while playing in China. DeMarre Carroll (Jazz), Boris Diaw (Spurs) and Gilbert Arenas (Grizzlies) have also signed this season on the buyout market. The rarity of NBA waivers is the reason why a player who receives a buyout often gets an agreement with a new team before he has even approved waiver declarations. The likelihood of a waiver is so low that it normally makes no sense for a player to wait to be officially a free agent to begin negotiations. The team that concludes the buyout almost always gives the green light to the player`s agent to open these discussions with potential candidates. It`s a win-win situation, because a player who knows he has a landing field is more likely to give a little more money back to his old team.
The key is that both parties must agree that the buyback route is the best. For example, center Jahlil Okafor demanded a buyout from the Philadelphia 76ers earlier this season, but the Sixers preferred to move him on trading to recoup assets in return.