From the CBA FAQ: The Traded Player Exception is a credit that teams may use in order to help make future trades work under the salary cap. Teams may acquire one or more players with this exception, have up to a year after the initial trade to use the credit, and may add together their credits from different trades (this is the only time that multiple salary cap exceptions may be combined). A team receives this credit when it is over the cap and makes a trade and takes on less salary than it gives up. Whatever the salary difference is, plus $100,000, is the credit that the team may use towards a future trade. For example, if a team trades a $2 million player for a draft pick, it then has a $2.1 million credit that it may use in a future trade. Note that this credit can be used for trades only -- it cannot be used to sign free agents. So yes, it can be used on multiple players. It isn't completely clear to me if it can be used in multiple transactions though. If you want to know, write to Larry Coon, he's very helpful. Here's the link to the site. It's a great site and worth bookmarking and referring to for all your salary-cap questions: http://members.home.net/lmcoon/salarycap.htm ------------------
