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Rockets receive salary cap exception for injured Yao

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by Rocketman2000, Jan 14, 2011.

  1. Rocketman2000

    Rocketman2000 Contributing Member

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    http://www.chron.com/disp/story.mpl/sports/bk/bkn/7382276.html

    As expected, the Rockets on Friday received the disabled player exception to the salary cap to use to replace injured center Yao Ming, Rockets vice president Sam Hinkie said.

    The exception expires Jan. 31. It can be used to sign a player for up to $5.765 million or to trade for a player making up to $5.875 million.

    The Rockets applied for the exception more than two weeks ago, but Hinkie said they have no issues with the delay in getting an answer because of the amount of documentation necessary and because they did not have a trade in place that would have used it.

    “It takes awhile to document Yao Ming’s injury history, his recovery, his doctors visits and his rehab,” Hinkie said. “It took a while to get all the documentation from all the doctors that are involved with Yao. It (the delay) didn’t hurt us because we didn’t have a use for it.”

    The Rockets also have a $6.33 million trade exception that does not expire until Aug. 11.

    Please lock if already post ... if not please rep. :)
     
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  2. rockets4llday

    rockets4llday Member

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    Dang that is awesome. Now the trades come
     
  3. oogie boogie

    oogie boogie Member

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  4. kaitanuva

    kaitanuva Member

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    Only 17 days to use it...?
     
  5. fallenphoenix

    fallenphoenix Contributing Member

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    <iframe title="YouTube video player" class="youtube-player" type="text/html" width="480" height="390" src="http://www.youtube.com/embed/YKUOB8MN4Kc" frameborder="0"></iframe>
     
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  6. thejav

    thejav Member

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    So buy the end of January we should have a trade of somesort done.. so that's what morey was.waiting for. Good to here
     
  7. gah

    gah Member

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    Is it wrong that I had a chuckle at reading this?
     
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  8. worzel gummidge

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    If this is deemed the same injury does this mean the insurance on Yao's contract kicked in immediately? A player needs to miss 41 consecutive games to qualify for it, but also play 41 consec. games for the insurance to discontinue.
     
  9. ross84

    ross84 Contributing Member

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    Can someone explain what these trade exceptions mean. Thanks in advance.
     
  10. Rocket Guy

    Rocket Guy Member

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    Only centers that we could get our hands on possibly for the exception to me looks like:

    Thabeet, Darko, Gortat or Lopez.
     
  11. TheFreak

    TheFreak Contributing Member

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    Won't use it.
     
  12. DaDakota

    DaDakota If you want to know, just ask!

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    Big deal, they already have a bigger trade exception.

    DD
     
  13. Glenyo

    Glenyo Member

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    just saw your quote about the blazers and kings. Now i think its reallymorey ?
    how could adelman be from top5 defensive teams to being 27th defensive team.
    I jsut dont get it
     
  14. Felece

    Felece Member

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    Chris Webber and YAO FREAKING MING. hes 7'6 for gods sake.
     
  15. BasketballReasons

    BasketballReasons Contributing Member

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    G-Force + a 7-footer on the Bobcats.
     
  16. Roxs-Redemption

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    Traded Player Exception: If a team trades away a player with a higher salary than the player they acquire in return (we'll call this initial deal "Trade #1"), they receive what is called a Traded Player Exception, also known colloquially as a "Trade Exception". Teams with a trade exception have up to a year in which they can acquire more salary in other trades (Trade #2, #3, etc.) than they send away, as long as the gulf in salaries for Trade #2, #3, etc. are less than or equal to the difference in salary for Trade #1. This exception is particularly useful when teams trade draft picks straight-up for a player; since draft picks have no salary value, often the only way to get salaries to match is to use a trade exception, which allows trades to be made despite unbalanced salaries. It is also useful to compensate teams for losing free agents as they can do a sign and trade of that free agent to acquire a trade exception that can be used later. Note this exception is for single player trades only, though additional cash and draft picks can be part of the trade.

    Disabled Player Exception: Allows a team that is over the cap to acquire a replacement for a disabled player who will be out for either the remainder of that season (for in-season injuries/deaths) or the next season (if the disability occurs during the offseason). The maximum salary of the replacement player is either 50% of the injured player's salary, or the average salary, whichever is less. This exception requires an NBA-designated doctor to verify the extent of the injury.

    Note that while teams can often use one exception to sign multiple players, they cannot use a combination of exceptions to sign a single player.
     
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  17. Dreamin

    Dreamin Member

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    Can we still trade Yao after using the DPE?

    I apologise in advance for souding like a dumba$$.
     
  18. Nolocke

    Nolocke Member

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    This is exactly right, Les will sit on it and put it back in his pocket.
     
  19. Nook

    Nook Member

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    It takes two to make a deal. I am sure Morey and Alexander would love to make a deal... I am sure they don't like the direction of the team or the effort.

    Morey is a very good evaluator, if there is a deal to be made that helps us. Morey will make it.... I just don't think there is much out there.
     
  20. vick

    vick Member

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    It is a big deal because it must be used this month or they lose it. The other one can be held until August 31. :eek:
     

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