It looks as if the Warriors will be saying goodbye to backup point Jarrett Jack who had a stellar season last year. In clearing cap space to afford offering Andre Iguodala a 4-year, $48 million deal, the Warriors also renounced their Bird rights to Jack and the free agent will surely be offered a more lucrative deal than GSW can afford.
According to Marcus Thompson of the Mercury News:
The Warriors also had to renounce their rights to guard Jarrett Jack and forward Carl Landry. Golden State had the Bird rights to Jack, which meant they could sign him to a new contract despite being over the cap. But to get under the cap, the Warriors had to waive that right and now Golden State can’t afford Jack or Landry.
Well it was fun while it lasted
— JARRETT JACK (@Jarrettjack03) July 5, 2013