I've seen a lot of confusion about this today stemming from Morey's press conference. He specifically alluded to having an $11M TPE to work with from the trade, along with the MLE and BAE. Under the 2011 CBA, there was no way for the Rockets to create a TPE out of the Chris Paul trade. I think what he's referring to is the non-guaranteed contracts we have on our roster, which can be aggregated together to bring back in about $11M in salaries in July. The players acquired today are strictly assets and are not in the plans for the future. Together, they make up a theoretical trade exception. Kelley + Long + Quarterman + Taylor can bring back up to $9.7M in salaries. Add Onuaku, who has a guaranteed contract, and you are up to $11.8M. These guys can be packaged with Ariza, Gordon, Capela, etc., unlike a TPE, which makes this MUCH more valuable. By themselves, it's really only enticing as a salary dump for a rebuilding team though.
Exactly. I was about to post this in another thread. It's not exactly a TPE. It's a lot of different non-guaranteed contracts that add up to $11-12 million. Having these players is huge because the teams the Rockets trade them to can get rid of them without losing much money. And it can happen at any point before the season. So if a team needs to get rid of somebody to free up space (let's say the Pacers need to get rid of Monta Ellis), the Rockets can trade them to make it work. The only drawback about it is that the team they trade them to has to have the roster space to get those guys. EDIT: And we know this because in the press conference Morey said that "these players add up to what is essentially a traded player exception worth about $11 million."
We've got Morey saying $11 million TPE and and Woj saying significant TPE. I think those guys know what a TPE is.
Well, that sucks. As the night is going on, while I'm still happy about this trade, I don't see out roster improving much more and am now going back to envisioning Warriors destroying us. Still happy we did the trade though.
It doesn't matter what Morey said in the press conference. It's 100% not possible. You can not create a TPE while under the cap, which the Rockets were prior to the trade. On top of that, you can only create a TPE by sending out more salary than you bring in. They just barely got the trade to work, with the help of Chris Paul leaving some of his trade bonus on the table, by sending the minimum amount of money possible back to the Clippers. So no, they did not create a TPE today, but they do have plenty of non-guaranteed contracts to work with.
actually it does matter. stop trying to act like you have something figured out that he doesn't. theres a reason why hes in his position and your sitting behind that computer not. so unless he says otherwise yes he did.
His explanation on it starts at about 9:33 in this video. He doesn't fully explain it, he just talks about how they create what is "essentially a traded player exception in the $11 million range."
Told ya. Morey used the TPE wording at least in part because of the "asset" language backlash from past years.
