Dooling was waived at the start of the summer because, if done before a certain date, his contract was only guaranteed for $500,000. This happened, and Dooling was thus on the Nets' cap number for that amount this season, which was the amount reflected on the site's salary pages.
That cap hit no longer exists, however, due to the right of set-off that teams have on waived players. After being waived, Dooling signed a two year contract with the Milwaukee Bucks that started at $2,080,000 in the first year. With the right to set-off, New Jersey were able to remove from their cap number an amount equal to half of the difference between the player's new salary and the second year player's minimum. The second year player minimum for the 2010/11 season is $762,195, so the amount New Jersey could set off was $658,902.50 ($2,080,000 - $762,195 / 2). And because this amount is greater than $500,000, the Nets could set-off Dooling's entire cap hit.
Only two teams this summer have used their Bi-Annual Exceptions so far. Milwaukee used theirs on ShamSports.com favourite Keyon Dooling, while Detroit used theirs to re-sign Ben Wallace.
Dooling is an athletic point guard, strong defensively and in transition, whose jumpshot is streakier than a naked Tim Thomas but who contributes offensively anyway. Dooling is signed with the Nets through 2010/11; however, only $500,000 of his contract is guaranteed. New Jersey deliberately signed him like that so that they could waive him for 2010 free agency, and now that we're here, that's exactly what they are going to do.
Note: Non-US teams that the player
has played for are, unless stated otherwise, from the top division in
that nation. If league or division name is expressly stated, it's not
the top division. The only exceptions to this are the rare occasions where
no one league is said to be above the other, such as with the JBL/BJ League
split inJapan.
In the event where more than one agent is listed, this is because the
player has more than one agent. This is rather commonplace - a lot of
times, a player will sign with a big agency, and they will have both primary
and secondary agents from within that agency to handle their affairs.
(Where that happens, the primary agent is listed first.) Also, foreign
players tend to have both American and domestic agents. Where the details
of such are known, they are listed.
Finances of the Terrence Williams/Sergei Lishouk trade
