If Williams gets bought out, he still counts towards the Nets' cap doesn't he? The only benefit for the Nets is that they only have to pay him whatever they agree to instead of the full contract, right? They said they don't want to use the stretch provision, so they'd still on the hook for ~21 million dollars the next two years.
It's a negotiation. Usually the player will accept less money in exchange for his freedom.
It's a negotiation in terms of actual money paid to the player, but I believe the entire amount of the original contract still counts against the cap regardless. Sounds like it doesn't matter either way because the Nets want to save money and wouldn't use the hypothetical cap space anyway.
I posted something a page or two back on this - according to the cap FAQ, the buyout amount is what counts against the cap, stretched over the number of years remaining on the contract. (Minus any new salary paid by another team.)
I had actually thought the original contract amount was what counted too. I think that's true if a player is waived outright.
Do you mind posting the part you're referring to? The only thing I found was this:
"Any guaranteed salary still owed to the player as the result of a buyout continues to be included in team salary, just as with any waived player. "
The language isn't super clear, but since they liken the situation to any other waived player, I interpreted it as "for salary cap purposes, the team must use the player's original cap figure"