The Golden State warriors have announced today that back-up center Kosta Perovic is headed to Spain to play for Pamesa Valencia. The Warriors agreed to let Perovic walk away from his contract, and Perovic agreed to do so without collecting any of the $1.6 million he was due.
Per collective bargaining agreement rules, if Perovic is bought out, the Warriors would lose their rights to him. He would be a free agent and available to sign with any team. But Perovic could choose to negotiate with the Warriors if he returns to the NBA.
He could grant them the first crack at signing him or the opportunity to match or top another team’s offer. But that would be Perovic’s choice, based on his gratitude to the Warriors for setting him free, and not a contractual obligation.
The Warriors originally acquired Kosta Perovic with the No 38 overall pick in 2006.


