Darius Miles, most recently of the Portland Trail Blazers, has signed a deal with the Boston Celtics to make his comeback attempt after suffering a knee injury in the 2005-06 season that was deemed to be career-ending.
Portland waived him after that year once that determination was made, taking his remaining two years and $18 million off their cap. If Miles plays in 10 games over one of the next two seasons, his salary will go back on Portland's books.
If he can regain some of the form that made him the Clippers' third overall pick in 2000, maybe he can help fill some of the void left by the departure of James Posey.
"If I let myself get hung up on doing things that had any actual chance of success, I'd never do anything!"
I don't know if CubsFan is correct about that being a one-time-only thing. But I do know it's only valid if the team looks like it's going to exceed the luxury tax threshold. It's not designed for actual salary-cap relief.