NBA Players Keep 'Bird Rights' In Waiver Trades: Arbitrator

Law360, New York (June 25, 2012, 3:38 PM EDT) -- An arbitrator ruled Friday that National Basketball Association players get to keep their so-called Bird rights when they change teams through the league's waiver process rather through an outright trade, though the NBA promised to appeal.

Arbitrator Kenneth W. Dam sided with the NBA Players Association, saying the New York Knicks' Jeremy Lin and three other prospective free agents retained the special veteran rights even though they were claimed off waivers by their current teams.

Because teams can exceed their salary cap when they re-sign so-called...
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