The NBA is currently in the process of negotiating a new CBA with its players and there are many issues which are yet to be solved. Owners are pushing to make the league more competitive, and are asking for a hard cap, while they're also demanding that the players' share of the "basketball-related revenues" decreases.
Despite optimistic reports this past month, players and owners are still not satisfied with what had been brought on the table. The NBA recently wiped off 41 preseason games and postponed training camps, and there's a risk that the lockout will force the league to cancel regular season games if they don't reach an agreement before the first of October.
There's a lot of uncertainty in regards to the lockout but a few changes to the next CBA seem inevitable. Owners and players have generally cooperated with one another on things regarding changes to the draft, revenue sharing, and possibly an amnesty clause.
An amnesty clause (also known as the Allan Houston Exception) is a tool which will allow teams to waive one player's contract, sending him to free agency, but the contract will no longer be considered in the salary cap. It's a useful tool which could help teams remove bad contracts in case they're over the salary cap in the next CBA.
As of now the idea of an amnesty clause and its details haven't been officially agreed upon, so trying to determine its effect on current NBA teams won't be very accurate. Still, using only a general idea of an amnesty clause, we can still try to imagine how it will effect the Raptors.
The Raptors are currently one of the lowest payroll teams going into next season with only $47 million in guaranteed contracts. How (or if) they could use such an option could drastically speed up or even slow down the rebuilding process depending on the specific details.
In this slideshow I will present multiple scenarios in which the Raptors could use the exception to their advantage, and I will be trying to include specific details of how it could be made possible.