CHARLOTTE, N.C. (AP) -- Unable to pull off a trade, the Bobcats have waived center Erick Dampier, which voids his $13 million contract and gets Charlotte under the luxury tax.
Tuesday's move comes a day after the Bobcats could have packaged Dampier's contract in a multiplayer deal. But the Bobcats found no takers in a deal that would have also given Charlotte its needed financial relief.
Getting rid of Dampier's unique contract gets Charlotte about $5 million below the $70.3 million luxury tax. A payroll figure above that trigger a dollar-for-dollar tax, something owner Michael Jordan has said the team wouldn't exceed.
Dampier will now be free to sign with any team.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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