Can a team use a TPE to acquire a player and flip that player as part of a package of other players in a trade simultaneously? If not, how long is it, after acquiring a player using the TPE, before that player can be traded? For instance, can the Rockets acquire Chris Wilcox, who makes $3 million on an expiring contract, with their $3 million TPE, and then trade Wilcox simultaneously with other players to acquire another player?
87. When can't a player be traded? Can players be given "no-trade" clauses in their contracts? <ihr> <i> A "no-trade" clause can be negotiated into an individual contract if the player has been in the NBA for at least eight seasons, and has played for the team with which he is signing for at least four seasons. They don't have to be the immediately prior four seasons -- for example, Horace Grant got a no-trade clause from Orlando when he signed with them in 2001. He had played for Orlando for four seasons, but had played for Seattle and Los Angeles in the interim. Very few players actually have one of these no-trade provisions. Otherwise, individually negotiated contracts may not contain no-trade clauses. The no-trade clause prevents the team from making a trade involving the player without the player's consent. In addition, teams cannot trade players under the following circumstances: <b> * For two months after receiving the player in trade or claiming him off waivers, if the player is being traded in combination with other players. However, the team is free to trade the player by himself (not packaged with other players) immediately. This restriction applies only to teams over the salary cap. (Also see question number 74 for a special case where players can be traded together in less than two months.)</b> * When the trading deadline has passed. Teams are free to make trades again once their season has ended, but cannot trade players whose contracts are ending or could end due to an option or ETO. * For three months or until December 15th of that season (whichever is later) after signing a contract as a free agent. This obviously does not apply to the trade completing a sign-and-trade transaction (see question number 78). Interestingly, however, it is unclear whether this rule prevents a player who has been signed-and-traded from being traded again prior to three months/December 15 (see question number 82). * For 30 days after signing as a draft pick. * Without the player's consent when the player is playing under a one-year contract (excluding any option year) and will have Larry Bird or Early Bird rights at the end of the season. This includes first round draft picks following their fourth (option) season, who accept their team's qualifying offer for their fifth season. When the player consents to such a trade, the team loses its Larry Bird/Early Bird rights, and the player is considered a Non-Bird free agent. Note: when there is an option year involved, they can get around this regulation by invoking the option prior to the trade. * For one year after exercising the right of first refusal to keep a restricted free agent (however, the player can consent to a trade to any team except the team that tried to sign him). * After claiming a player on waivers, for 30 days if the player was claimed during a season, or until the first day of the next season if the player was claimed during the offseason. * A team cannot reacquire a player they traded away during that season (a season being July 1 - June 30) unless the player has been waived. Note: this does not apply to draft picks. If a team trades a player's draft rights, they can reacquire the player during the same season. * In the special case of players waived through the amnesty provision (see question number 18), the player cannot be reacquired for the length of the terminated contract. * A team cannot acquire players when they do not have room on their 15-man roster, even if they intend to waive an incoming player immediately. For example, a team with 14 players cannot trade one player for three, while simultaneously waiving an incoming player to remain at 15 players. Note: it is possible to work around this restriction by waiving a current player, executing the trade, waiving one of the incoming players, and then re-signing the original player. There seems to be a lot of confusion about the first bullet item above. Many media reports mistakenly say that a player cannot be re-traded for two months under any circumstances, even by himself. This is not true -- Danny Manning's trade from Phoenix to Orlando, and soon thereafter to Milwaukee is one example of the correct application of this trade rule. Other media reports confuse the sign-and-trade rule with this one, claiming that the player can be re-traded within 48 hours or after 60 days, but not in between. </i> <hr> From a strict POV, the player being acquired with the TPE couldn't be moved - swapped within a large simultaneous multi team trade (with the TPE usage) if his salary would have to be stacked - accumulated with others to balance out salary coming back.
Yes it's legal. Technically there is no such thing as a trade exception. It's really the completion of a prior non-simultaneous trade. Here's a description of how the Rockets completed the McGrady/Francis trade and mentions the use of a TE. http://members.cox.net/lmcoon/salarycap.htm#Q71 Again, non-simultaneous trades are not available when a team trades away multiple players (aggregates). Let's say a team has a $4 million player and a $5 million player, and uses the Traded Player exception to trade for an $8 million player. Even though they trade away more salary ($9 million) than they receive ($8 million), the fact that they aggregated the two players means they do not gain a Traded Player exception. However, it is sometimes possible to reorganize these trades so that players technically are not aggregated. A good example of this occurred in 2004 when Houston traded Steve Francis, Cuttino Mobley and Kelvin Cato to Orlando for Tracy McGrady, Juwan Howard, Tyronn Lue and Reece Gaines. As a single trade, it could only be simultaneous since multiple players were moving each way. However, Houston was able to reorganize the trade into three separate trades. In one trade, they acquired McGrady and Gaines for Mobley and Cato. In another trade, they acquired Howard and Lue using an existing Traded Player exception from their earlier Glen Rice trade. That left them trading Francis essentially by himself for nothing, which generated a new Traded Player exception in the amount of Francis' base year value. From Orlando's perspective, it was a single, simultaneous three-for-four trade.
