As the end of the lockout draws nears, people have begun discussing how the upcoming amnesty clause will be used. There have been a lot of mock clauses released, notably on ESPN and Grantland, and Canis even took a semi-serious discussion of what the Wolves could/would do (my vote: if it's allowable, trade for dead weight and cut it, with an impact player as your price (i.e. trade for and cut Nocioni in exchange of Iguadola)). But there's also the question of how the amnesty clause will work.
There are three main components we don't know about the amnesty clause. 1) How long teams have to use it. 2) Whether they can only use it only players under contract now, or even only players under their contract now. 3) Whether players can resign with the team that cut them.
While there is some discussion around the first two points, I have yet to see the third broached. The main reason I bring it up is that it could be vital to some contending teams trying to hold their shot at a championship open. Take Boston. Right now they have $66 million in committed salaries (options included). Now last season the cap was at $58 million. Let's raise that to $60 million just to deal with some nice round numbers (also, I won't be shocked if the cap goes up again. As a whole, the NBA makes money). If the cap is $60 million, then the Celtics are over the cap. Most suggestions I've heard have centered around cutting Jermaine O'Neal, but that would only put them under the cap by $200,000. But if you're the Celtics and you know you need to get younger, how about this: cut Kevin Garnett and then resign him for the minimum. It's not a loss of a single cent to Garnett and it puts the Celtics $15 million under the cap. Miami could do the same thing with Lebron James (or Chris Bosh), but it would net them $8 million in space.
Anyway, if the amnesty clause allows for teams to resign cut players, don't be shocked to see big names get the axe and then immediately turn around and resign with their team.