The Sixers made it official today, finalizing the paperwork required to officially use the amnesty clause on forward Elton Brand.
"On behalf of the Philadelphia 76ers, I want to thank Elton for his contributions to our organization and city," said Sixers President of Basketball Operations Rod Thorn in a statement. "Decisions of this nature are never easy, particularly when it involves a player of Elton's talent and character. He worked tirelessly for the overall good of the team every time he put on a Sixers uniform and we wish him nothing but the best."
Amnesty allows the Sixers to remove the final year of Brand’s contract – worth almost $18.2 million – from their salary cap. Teams below the salary cap ($58 million) are permitted to bid for Brand’s services. That team will pay Brand a determined amount and the Sixers will pay the remainder of the contract.
The Sixers signed Brand to a five-year, $79 million deal on July 9, 2008. In four seasons with the team, Brand appeared in 246 games with 221 starts, averaging 13.3 points, 7.4 rebounds, 1.5 assists, 1.33 block s and 1.01 steals in 31.5 minutes per game.
On Wednesday evening the Sixers completed a three-team trade with Golden State and New Orleans. The Sixers obtain forward Dorell Wright from Golden State and center Darryl Watkins from New Orleans. The Sixers sent the rights to Edin Bavcic to the Hornets, who are also trading Jarrett Jack to the Warriors.