A lot of us are wondering how exactly Garnett’s trade kicker works. Larry Coon stepped in and answered it for us. Thanks, Larry!
First of all, the kicker is $6.75M whether he’s traded before or after July 1.
It’s charged to the cap over two seasons (06-07 and 07-08) if he’s traded before July 1. It’s all charged to the 07-08 cap if he’s traded after July 1. So if he’s traded after July 1, then LA has $28.75M incoming — both in salary and in cap hit.
Garnett can waive all or a portion of that $6.75M, but only to the extent that it allows a deal to go through. If a trade is legal with him taking his bonus (or some portion of it), then he doesn’t have the option to waive it.