Larry just got back into town and found out about the Dream trade. I had my big question waiting for him. Boy, talk about where confusion comes in. While he flat out agrees that exceptions and spending "Room" (the CBA's officially word for cap space) cannot co-exist and thus exceptions are lost the moment we try to sign Mo to more than the MLE, he continues to say that cap space and exceptions can exist, in a technical sense. At this point, I realized that Larry is not using cap space and spending "Room" synonomously, as I've suspected since the CBA doesn't, either. ugh. No wonder people think we can create spending Room and keep our exceptions. anyhow, we wrote a lot, but here is the most important Anyhow, we have our official answer, now. Spending Room and exceptions cannot exist, albeit Larry's one technical comment at the end where you can be below the cap and have exceptions. But who here sees how the bold part is not using cap space synomously with spending Room (even after we discussed that's what I meant). The point is, as I've been stating, I am not surprised the confusion happened in the media. Larry is holding too accurate to the CBA text by using cap space and spending "Room" differently. The CBA flat out says exceptions "extinguish" your cap room, so why say you are below the cap. confusing. He later said he is searching for a simpler way to say it, but wants to remain accurate. Anyone want to take a stab out explaining it simpler for a rewrite of the FAQ??
A team can be below the cap and use their exceptions, but can't be below the cap, use their cap and the exceptions. or Teams below the cap can either use cap space (spending room) or their exceptions, but not both.
Well, Larry wrote a new question for the fact regarding Houston situation. The answer is like 6 to 7 paragraphs. Like that is going to help...lol. Oh, btw, he also said Hakeem's cap hit was only $17.3m because a cap hit can never exceed the maximum pay a player can receive. Now that makes sense.
