Are we absolutely sure we can use the exception when we get it? I mean, aren't the Raptors USING it now? Won't it be used up now that they have put it to use on this deal or does it just keep going on and on? Any help is appreciated. ------------------ Who's your buddy? Who's your pal? I am, aren't I?
Isn't this the same type of trade exception like we got when we trade Bryce Drew? Basically the trade exception is whatever money the Raptors signed Dream for, and that the exception can be used up to exactly 1 year from today? ------------------ What if I say to you that the universe is a three-legged horse, eh? What then? - Russell Hoban
the exception transfers it doesn't "dry up". More than likely, we'll renounce, because it counts against cap space. ------------------ "I think the organization was looking at it from a business point of view, which is only a very small picture. If you look at the big picture, it wouldn't make any sense." -Hakeem Olajuwon, on a possible trade to Toronto, 7/02/99
Doesn't the exception disappear when we go under the cap? Does anybody really know what a trade exception is? I think it's a mythical beast much like bigfoot or the loch ness monster. j ------------------ Some days you just can't get rid of a bomb!
I don't know much about the CBA but I believe that the trade exception just keeps moving from team to team. My question is what happens with the trade exception and the 4.5 and 1 million exceptions when we fall under the cap? Can we trade Hakeem, sign Mo Tay, Anderson, etc and in effect never fall under the cap such that we can still use the exceptions? Or is that not possible and we won't have any exceptions until next years free agency period when we are over the cap. ------------------
Maybe this exception is the trade version of "renouncing" Dream, meaning the Rockets get the amount they would have got if they had renounced Dream? Where's aelliot!? ------------------ What if I say to you that the universe is a three-legged horse, eh? What then? - Russell Hoban
The trade exception will transfer in its entirety. This is not always the case with trade exception, but it is in this trade. This now gives a sum total of $12m in exceptions. These count against the cap. At this point, we are still above the cap. [This message has been edited by crispee (edited August 01, 2001).]
I'm not too proud to admit this crap confuses me. College-educated and still as stupid as a box of rocks. I thought a trade exception simply allowed a team to take on THAT MUCH MORE salary than it sends out. So, in this case, I was thinking Hakeem would get a measly extra half million this year in an S&T and we would get a draft pick as a reward for deliberately low-balling Hakeem (it sounds dirty when I put it like that)...? ------------------
If a team is over the cap (or under the cap by less than the combined total of their exceptions) and they make a trade where they take back less salary than they give up, then they get a traded player exception for the amount of the reduction in salary + $100K. The team then has 1 year to use the exception. They are allowed to take back more salary (up to the amount of their traded player exception) than they normally would in a trade (not in a FA signing). Technically you don't trade the traded player exception. It's just usually the result of doing a trade with a team that is using a traded player exception. If a team is using the exception (as Toronto is), then by definition, the other team is taking back less salary (as Houston will be). As long as the 2nd team is over the cap they'd get a trade exception since they're taking back less salary. Here's how it worked in this case. Toronto traded Charles Oakley to Chicago for Brian Skinner. Since Chicago was able to fit all of Oakley's salary under the cap the 15% rule didn't apply and Chicago was able to take more salary than they gave up.. Oakley's salary exceeded Skinner's by $4.9M. Since Toronto was over the cap and they took back less salary, they were given a trade exception of $5M. Toronto now trades draft picks ($0 value in trades) for Olajuwon (resigned at $5.1M). Toronto doesn't have the cap space to take on Hakeem's salary, so normally they would only be allowed to accept back salaries within 15% + 100K of what they gave up. (15% of 0) + $100K = $100K. But, since the Raptors have a $5M traded player exception, they can exceed the normal amount by $5M. So, now the Raptors can accept $5.1M more in salary than they trade away, so the deal works. After trading Dream for picks, the Rockets now gain a trade exception since we're below the cap by less than the combined total of our exceptions (~$12M) and just gave up more salary than we took in (we lost $5.1M and got back $0). So, now we've got a trade exception, but that exception is counting against our salary cap (as do all exceptions). I agree with Nike, that if the Rockets are serious about signing Marc Jackson, then they would have to renounce the traded player exception in order to have enough money to sign Jackson. The one thing the exception gives us the flexibility to do is to make a deal where we trade $5M in salary (Williams?) and take back $10M in salary. That could be attractive to a team that is looking to get rid of a big contract and free up some cap space. For example, Denver wouldn't do LaFrentz for Thomas + Collier + throw-in, but they might consider LaFrentz + Abdul-Wahad for Thomas + Collier+ throw in. ------------------ [This message has been edited by aelliott (edited August 01, 2001).]
I thought a trade exception simply allowed a team to take on THAT MUCH MORE salary than it sends out. So, in this case, I was thinking Hakeem would get a measly extra half million this year in an S&T and we would get a draft pick as a reward for deliberately low-balling Hakeem (it sounds dirty when I put it like that)...? Hakeem does indeed only get about $500K more in the first year of his contract. But he also gets a $12.5% raise in subsequent years, where in an outright FA signing he could only have gotten an increase of 10% per year. ------------------
That last line is something that occurred to me in one of my more vindictive moments aelliott. If the Rockets don't get burned in a deal w/ Shandon... I say give him the nice "oh by the way, **** you b****" treatment on 12/15 in a deal that acquires LaFrentz and Abdul-Wahad (the Rockets are more than likely going to have to take Abdul-Wahad back... and they might get rid of Cato to boot... but more than likely Walt (expensive trade, but the Rockets need a Center)). Ahhhh... Shandon, Shandon, Shandon. You ppppoor poor son of a b****. The Rockets are business men, and I expect that they're more rational when it comes to the loss of Dream than am I... but right about now I'm praying for an outright renouncement of Shandon... or signing him w/ the explicit desire to axe him mid December.
I would give Shandon a one year deal. This move would only provide a short-term benefit to the Rockets as they intergrete Morris and Griffin into the system. Otherwise he can kiss the Rockets @ss simply becuase his agent provoked this S&T. ------------------
aelliott The Rocks will not renounce the trade exception....period. If they are indeed serious about signing m. Jackson, they will use the exception in the same manor as Toronto - in and S&T deal with Golden State. They can do this deal at any time after they take care of their FAs (MoT, SA, Mooch, Bull and Langhi. The exception is a valuable property for obtaining a replacement for Hakeem that can be used at anytime within a year (although they will use it very soon. ------------------ "Mongo don't know! Mongo only pawn in game of life."
Unless MoT is prepared to take the middle class exception, the Rockets will have to renounce the trade exception to get under the cap and give MoT the $6 million (first year) they probably already promised. ------------------
We are not below the cap, that is the whole reason the exceptions have not been extinguished. Please refer to Article VII, Section 6, Subsection (k).
lol ------------------ "The girls danced, started fondling me, I got aroused, they performed oral sex," Ewing said. "I hung around a little bit and talked to them, then I left."
Actually, they can't do that because Golden State can't pay Jackson that much money. That was reported in today's Chronicle. ------------------ Who's your buddy? Who's your pal? I am, aren't I?
Hey Crispee, didn't I tell you that when it comes to the cap...ok, I will leave you in peace for now . But how many times has anyone won a salary cap argument with aelliott? ------------------ This signature has been shortened due to popular demand . [This message has been edited by Det The Threat (edited August 02, 2001).]
