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Allan Houston avoids being cut by Knicks
Aug 15 2005 10:09PM (CT)
NEW YORK (AP) - The so-called "Allan Houston Rule" failed to claim its namesake Monday. Houston avoided being cut by the New York Knicks on the final day for NBA teams to take advantage of a one-time chance to escape luxury tax obligations for any contract on their books.
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Rockets waive forward Weatherspoon
Aug 15 2005 9:45PM (CT)
HOUSTON (AP) - Clarence Weatherspoon was waived by the Houston Rockets on Monday under the NBA's one-time amnesty provision under the new collective bargaining agreement.
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Wolves waive Hoiberg for luxury-tax relief
Aug 15 2005 7:51PM (CT)
MINNEAPOLIS (AP) - Fred Hoiberg was waived Monday by the Minnesota Timberwolves, allowing the team to designate his contract for luxury-tax relief under the NBA's new one-time amnesty provision.
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Grant, Suns close in on two-year deal
Aug 15 2005 7:48PM (CT)
CHICAGO (AP) - Free agent power forward Brian Grant will likely sign a two-year, nearly $4 million contract with the Phoenix Suns, agent Mark Bartelstein said Monday.
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Pacers waive retired Reggie Miller
Aug 15 2005 6:52PM (CT)
INDIANAPOLIS (AP) - The Indiana Pacers waived the retired Reggie Miller on Monday, relieving them of a $6 million luxury tax liability for his contract that still has one year remaining.
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Knicks waive Williams, saving $21.3M
Aug 15 2005 5:33PM (CT)
NEW YORK (AP) - Jerome Williams was waived Monday by the New York Knicks under the NBA's one-time amnesty provision, saving the franchise $21.3 million in future luxury tax payments.
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Nets waive guard Ron Mercer
Aug 15 2005 3:21PM (CT)
EAST RUTHERFORD, N.J. (AP) - The New Jersey Nets waived guard Ron Mercer on Monday.
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Bulls keep guard Chris Duhon
Aug 15 2005 3:06PM (CT)
CHICAGO (AP) - The Chicago Bulls kept guard Chris Duhon on Monday, matching an offer sheet the restricted free agent signed with Toronto. The Raptors reportedly had offered a three-year deal for more than $9 million.
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Matt Walsh formally signs deal with Heat
Aug 15 2005 12:55PM (CT)
MIAMI (AP) - Matt Walsh signed a two-year contract with the Miami Heat on Monday, completing a deal that was essentially agreed to in principle more than a month ago.
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U.S. women win again at University Games
Aug 15 2005 11:07AM (CT)
IZMIR, Turkey (AP) - The undefeated U.S. women's basketball team overcame a slow start to beat Poland 89-63 Monday, earning a quarterfinal spot at the University Games against Taiwan.
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Sun hold off Mystics, clinch East title
Aug 15 2005 8:14AM (CT)
UNCASVILLE, Conn. (AP) - Nykesha Sales had 17 points and the Connecticut Sun held off a furious late-game rally from the Washington Mystics to win 80-77 Sunday and clinch their second straight Eastern Conference title.
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