It's done - Adonal Foyle has been bought out.
He is likely to join the Boston Celtics now - terms have not been released. Team is suspected to save about $3mill, but I can't confirm that yet.
Obviously, this gives the team more wiggle room for extensions to Biedrins and possibly Monta (but I've heard that his deal won't be until next year).
What this possibly means:
Could Kosta be a contributor now?
Is the team more likely to move the TPE?
Is Biedrins asking for more than we thought?
[Moderator's Note, by OptionZero:]
Pree has just put up his Hoops World article explaining the details of the buyout. As usual, pree drops the knowledge for us.
[Moderator's Note 2, by OptionZero:]
Link posted by UKswarriorsfan to the story on Warriors Official Site. Exerpt:"We will certainly miss Adonal’s presence, both on and off the court," said Mullin. "However, we think this move is in the best interest of both parties as we move forward. Adonal was a true professional in every sense of the word during his decade-long tenure with the Warriors. We wish him the best as he begins the next phase of his career."
[Moderator's Note 3, by OptionZero:]
BREAKING NEWS: Foyle only got $13M total!
Thanks to JudBooshler for the link to Marcus Thompson's CC Times article:With the $13 million payoff, Foyle's salary will account for $5.9 million on this season's salary cap, saving the Warriors $3 million based on Foyle's presettlement salary. During the 2008-09 season, when the Warriors would presumably have to start paying starting center Andris Biedrins and guard Monta Ellis big money, Foyle would count $6.4 million against the cap -- a savings of $3.4 million. He would get the remaining $700,000 or so in the third season.
NOTE: Viewing the CC Times article requires free registration.