What subsequent year payment schedule is typically used for a player waived between July 1st and August 31st?

Study for the NBA Agent Exam. Prepare with flashcards and multiple choice questions, each with hints and explanations. Get ready for your exam!

The typical payment schedule for a player who is waived between July 1st and August 31st is commonly referred to as "Paragraph 3 unless otherwise specified." This refers to the relevant section of the NBA Collective Bargaining Agreement (CBA) that outlines the terms associated with the waiving of players, including how their salary should be handled following their release.

When a player is waived during this specific window, they are generally entitled to receive their salary for the remainder of the contract in accordance with the CBA stipulations outlined in Paragraph 3. This can include factors like the timing of the waiver and the potential for additional benefits if the player signs with another team. The CBA is critical in ensuring that players are treated fairly and that the financial implications are clear and standardized.

The other options do not accurately capture the standard practices regarding the payment schedule for waived players in this timeframe as defined in the CBA. The Standard NBA Waiver Protocol generally refers to the overarching rules for all waivers but does not specify the payment structure for the scenario in question. The Seasonal Adjustment Plan and League Approval Schedule do not pertain directly to the waiving and payment processes specified for players during the outlined period. Thus, the reference to Paragraph 3 is

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