Jones And Pacers Finalize Buyout

[Spurs Brazil]

Jones And Pacers Finalize Buyout


Oct 15, 2008 6:20 PM EST
Eddie Jones will not join the Pacers but the franchise will recoup the ability to sign another player as a result of an agreement reached today. Jones was acquired by the Pacers from Dallas, along with two second-round picks and cash, in exchange for Shawne Williams on Oct. 10. The 36-year-old veteran guard made it clear he preferred not to play this season. The Pacers worked with agent Leon Rose and reached an agreement that lowers the salary-cap figure for the one season remaining on Jones' contract, thus clearing enough room for the team to sign another player to a veteran minimum contract without exceeding the NBA Luxury Tax threshold.

http://www.realgm.com/src_wiretap_ar...nalize_buyout/

[ploto]

The Pacers worked with agent Leon Rose and reached an agreement that lowers the salary-cap figure for the one season remaining on Jones' contract, thus clearing enough room for the team to sign another player to a veteran minimum contract without exceeding the NBA Luxury Tax threshold.

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