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Sixers waive veteran PF Brand, use amnesty

The Associated Press

7/12/2012 3:22:07 PM

PHILADELPHIA -- The Philadelphia 76ers have used the amnesty clause on veteran forward Elton Brand and will get about $18 million in salary cap relief for next season.

The Sixers announced the move on Thursday.

Brand was entering the final season of an $80 million, five-year contract. The amnesty clause allows a team to waive one player during the new labour deal and have 100 per cent of his salary taken off the cap and the tax. Brand is still owed the money. Teams under the salary cap can now bid for Brand's services for next season.

Brand was a two-time All-Star when he spurned better offers and signed the free-agent contract with Philadelphia.

Team president Rod Thorn says Brand "worked tirelessly for the overall good of the team."