Bulls use amnesty clause to cut F Boozer
(AP) — The Chicago Bulls have used the amnesty clause to cut forward Carlos Boozer after four seasons with the team.
The Bulls also waived forward Lou Amundson and guards Ronnie Brewer and Mike James on Tuesday. They are clearing salary-cap space to make room for the signing of free-agent center Pau Gasol and the first NBA contract for 2011 draft pick Nikola Mirotic.
Boozer came to the Bulls in a sign-and-trade deal with Utah in July 2010. He had one season left on a five-year deal worth roughly $75 million.
The amnesty clause allows a team to waive one player during the current labor deal and have 100 percent of his salary taken off the cap and the tax. Boozer is still owed the money.