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Did we use the Trade Exception in the Trade?

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by Rileydog, Jun 29, 2004.

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  1. Rileydog

    Rileydog Member

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    I searched all over the place and could not find a definitive answer. Can someone please comment, as this will have a significant impact on the Rox ability to get a starting guard and backup center. Thanks in advance.
     
  2. Remix

    Remix Member

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    Nope, you cant package a player with the TE.
     
  3. GATER

    GATER Member

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    So you mean the Rockets can't trade a future first round pick for a player making less than $6.99m?
     
  4. Rileydog

    Rileydog Member

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    um, so, what's the answer?
     
  5. LongTimeFan

    LongTimeFan Member

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    No, we didn't use it. Cato, Mobley, Francis only.
     
  6. SmeggySmeg

    SmeggySmeg Member

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    it depends on whether we trade Francis based on his BYC contract (prior to july 1) or based on his full max contract that kicks in after July 1

    wonder how we can find out??
     
  7. Pole

    Pole Houston Rockets--Tilman Fertitta's latest mess.

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    This is something I'd still like a definitive answer on.
     
  8. blazer_ben

    blazer_ben Rookie

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    We can Offer it to an free agent,be it restricted or unrestricted, it's up to his team to better it!. i love to use it on Etan thomas!.
     
  9. StupidMoniker

    StupidMoniker I lost a bet

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    You in fact cannot use the Trade Exception to sign a free agent.
     
  10. blazer_ben

    blazer_ben Rookie

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  11. Sane

    Sane Member

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    No it wasn't used.
    No you cannot use it on a Free Agent.

    YES you can package it with a draft pick for a player making 6.99M or less.


    But future picks aren't contracts, they are rights to players.

    You cannot package a contract with the TE to get back one player.

    However, in some cases you can get back a few players. Example:

    We want Calvin Booth and Antonio Daniels. We want to trade them Howard. Can we trade Howard and the TE for Booth? No. ut, we can, theoretically in seperate trades, ship Howard off for Booth and the TE off for Daniels. So you're not exactly packaging the TE with a contract. It's essentially two trades.
     
  12. okierock

    okierock Member

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    I read some where that Steve's BYC status changed on Wednesday because of leap year or something. So I am pretty sure we didn't use the TE.
     
  13. Toast

    Toast Member

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    Sunday's sports page in the Chronicle had a very good little blurb/article about the trade exception. You should try to search for it.
     
  14. Relativist

    Relativist Member

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    The only thing I found that seemed remotely related to the trade exception is this article: http://www.chron.com/cs/CDA/ssistory.mpl/sports/bk/bkn/rox/2650619

    Can someone point me to the article Toast is referring to? My impression is that the value of the salaries involved were big enough that the difference between Francis' BYC trade value and his salary still fit in the 15% + 100K margin for trades.
     
  15. aelliott

    aelliott Member

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    Not true. That's the same mistake that Feigan keeps making. The rule says that you can't "aggregate" a player contract with the trade exception. That is different that packaging them together.

    The Rockets CAN'T trade Piatkowski ($3.5M) + TE ($6.9M) in exchange for a player making $10.4M. That is aggegating the TE and the player salary.

    The Rockets CAN trade Piatkowski ($3.5M) + TE ($6.9) in exchange for a player making $6.9M. In this case, the TE is packaged with another player, but the salaries aren't aggregated. From our point of view, the TE is used to cover the incoming $6.9M and is the completion of the non-simultaneous trade that created the exception (Rice/Amechi). The remaining portion of the deal is Piatkowski's salary out and nothing back in. Taking back less money is always allowed. From the other team's point of view it's just a single deal with them sending out $6.9M and only taking back $3.5M, so it's also legal.

    These are two very different things. One is allowe and the other isn't. Apparently, Feigan will never understand the difference.

    So, in summary Boki + TE for Brand isn't legal, but Boki + TE for Rip Hamilton is perfectly legal.
     
    #15 aelliott, Jul 2, 2004
    Last edited: Jul 2, 2004
  16. aelliott

    aelliott Member

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    Here's a great example showing that you can indeed package a player with the TE. In 2001 Milwaukee and the Lakers made this trade, which was unique in the fact that both teams included a player and a TE in the deal. Here's the way it went down:

    Milwaukee traded Lindsey Hunter ($2.7M) + TE to LA for Greg Foster ($2.1M) + TE.

    Here's the math.

    LA
    ---
    LA's TE covered Hunter's salary and completed a previous non-simultaneous trade.
    The simultaneous portion of the trade from LA's perspective is Foster out and take back nothing.
    You're always allowed to take back less money, so the simultaneous part works also. LA got another TE for the amount of Foster's salary.

    Milwaukee
    ---------

    Milwaukee's TE covered Foster's salary and completed a previous non-simultaneous trade (Traylor deal).
    The portion of the trade from Milwaukee's perspective is Hunter out and take nothing back.
    You're always allowed to take back less money, so the simultaneous part works also. Milwaukee got another TE for the amount of Hunter's salary.


    Here's an excerpt from a Milwaukee Journal Sentinal article about the deal:



    The teams were able to make the trade work because each had a trade exception. Foster slid into a $2.1 million exception the Bucks gained last year by dumping first-round flop Robert Traylor. The Hunter-Foster trade was finished before the Traylor exception expired at midnight Wednesday



    http://www.jsonline.com/sports/buck/jun01/bucks-trade062801.asp
     
  17. aelliott

    aelliott Member

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    Back to the original topic of the thread. By my calculations, the Rockets didn't use any of the TE in the McGrady deal. He's the math, using Patricia Bender's salary info:

    Rockets sent out Francis ($10.96M), Cato ($7.34M) and Mobley ($5.39M). That's an actual total of $23.69M out, but because Francis was still BYC,he only counted $5.48M for the Rockets end of the deal. So, once we adjust for Francis' BYC amount, the outgoing salary for the Rockets is $18.2M. Since we were over the cap, we were allowed to take back 115% of what we sent out + $100K. So, at most we could take back $21.04M. The actual salaries that we received, TMAC ($13.28M), Howard ($4.91M), Lue ($1.5M) and Gaines ($1.35M) total up to exactly $21.04M, so we are right on the money and the deal works from our point
    of view.

    Orlando sent out $21.04M and took back $23.69M (they use actual salaries, not Francis' BYC status). That amount is within 115% + $100K of what they sent out. So, the deal works from their end.
     
  18. Rudyball

    Rudyball Member

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    So if the Rockets could make a deal with Seattle for BB, it waould have to look something like this:

    Seattle would have to sign BB to a pre-agreed amount contract to trade to Houston, and Houston could send back the 6.9mil TE + a player that makes less than the TE amount.

    Seattle would want to do this because they would at tleast get something back in return from BB's free agency status.

    So the player we sent would have to appeal to Seattle enough to do the S&T. This excludes Spoon & Taylor from any deal with Seattle since their salaries are higher the the TE. Pike & Boki would essentially be the breakers in a TE deal, then?
     
  19. Rudyball

    Rudyball Member

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  20. Rudyball

    Rudyball Member

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    Or future draft picks, also. Whichever would make the deal work without going to wild in the contract numbers.

    seatlle's initial offer of 18mill really hasn't been confirmed yet?
     

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