This morning, big news hit regarding the possibility of the Raptors signing Steve Nash. Chris Palmer of Espn tweeted that fellow sportswriter Chris Broussard is reporting that the Raptors may amnesty Jose Calderon to go after Steve Nash on July 1, the period when free agency begins.

Calderon, the 30-year-old Spanish point guard, is owed $10.6 million next season.

So what exactly is an amnesty clause? According to USA Today: “The amnesty provision allows a team to waive a player and not have his salary count against the salary cap or luxury tax. The player will still receive his salary for the season.”

Thunder Rumblings blog calls it like this:

“Amnesty is defined as “a general pardon granted by a government, especially for political offenses.” The NBA definition could be something along the lines of “a delete button for organizations that feel they’re paying a player too darn much.” In the NBA version of Monopoly,...