Bulls Unable to Reclaim Jaden Ivey’s Salary After Waiver
SLUG: bulls-unable-to-reclaim-jaden-ivey-salary
The Chicago Bulls will remain on the hook for the full value of guard Jaden Ivey’s contract after placing him on waivers, according to Hoops Wire.
The outlet reports that current league rules prevent the organization from recovering any portion of the salary once a guaranteed deal is terminated. Ivey was let go amid a controversy that was not detailed by the team or the league.
Because the contract is fully guaranteed, the dollars will stay on Chicago’s books for salary-cap purposes for the remainder of the agreement, even though the former first-round pick is no longer on the roster.
No timetable has been given for when Ivey might clear waivers or sign with another club.
Source: Hoops Wire
