Read this somewhere, is it true? "This wasn't a simple Mcgrady, Howard, Gaines, & Lue swap for Francis, Mobley, & Cato. There were actually two separate trades. First trade was Francis to Orlando for a new trade exception. That's where the $5.48m comes from for next year. Francis was a Base Year Player, so his salary only counted for halfthe amount. The second was McGrady, Howard, Gaines, & Lue for Mobley, Cato, & ~$6,300,000 worth of the $6.9m trade exception. What this did was to delay the expiration date of the trade exception for another year. So we may not even use the TE this season."
Having the TE and delaying it for next year would be like buying some p*rn and then putting it away for a year before you watch it.
Actually, if this is true, I find it quite shrewd. It made sure that the McGrady trade got done early, so nothing went wrong, and it extended 5.4 of it for another year. We can still use it this summer, but now we don't have to, if the deals aren't out there. Good use of the TE.
if it is true that's pretty good. I think alot of us (including myself) was under the impression that the TE would expire in September or whatever it was. But yeah. Maybe they aren't that stupid after all
and it's not delyaing. it's extending. It's like buying p*rn now and getting free issues for a year. Not really but whatever.
No, it's like a subscription of p*rn being stuffed in your mailbox for a year but you are in a full body cast and can't check the mail til the year is up.
I see what you're saying. It can be used in multi-player trades but needs to be looked at as a separate trade in itself. I dunno the exact numbers, but I'm thinking something along the lines of: 1. Steve for 5.4 million TE 2. Mobley, Cato for TMac, Lue, and Gaines 3. 6.9 million TE for Howard I'm sure it works.
I think pcheung has a point. I heard as well that you couldn't combine the TE with other player's salaries...
doing some quick math from hoopshype's salaries, cat + cato could only fit tmac and gaines in the 15% + 100K rule. and juwon and lue make just over 7M, which would be just out of the range of the 6.9M TE. but none of that explains how we traded steve to the magic, a team over the cap, for nothing but a trade exception. unless i'm missing something about their cap situation (which stands at 60M right now), they were over the cap when the trade happened and thus could not take steve for nothing. the only way i see the TE going down to 5.4M like it says in an article every once in a while is if lue was the only person not included in the original deal but was acquired with the TE and thus lowered it by his salary, which should lower it to right around 5.4M. but as usual, i could be wrong.
Unless someone can tell me where ORL suddenly fabricated a $5,033,875 trade exception of their own (to get around Francis' BYS status), I'll consider the link message board BS. Apart from the fact that there was no financial incentive for HOU to complete the trade before July 1 and that by using 2003-04 salaries the Feb trade deadline was artificially extended let's look at the numbers. Without a TE of their own, this is the only sequence of events I can see that remotely comes near bypassing Francis 03-04 BYC status. The Magic send Howard to Hou for part of our TE and that TE tranfers to them. Problem #1...a pick would have to have been sent to HOU and there is no report of one. Problem #2...Howards 03-04 contract value was $4,917,000. Francis' 03-04 BYC trade value was $5,033,875. IOW, Howard did not make enough to cover Francis BYC and thus no TE for ORL. Problem #3. Let's say my salary info is not accurate and Francis + the TE for Howard did work. Subtracting Howards $4.9m from our $6.9m TE should leave $2m not $573k RealGM shows. Aw,,,but you are skeptical...it was Howard's 04-05 contract that created a TE for ORL. It doesn't work that way either. $6.9m less Juwans 04-05 of $5,408,700 > $573k.
I'm a math major, but too drunk to do the numbers Gater just put up. Good job man...I hope u r not right and this bs is true!
May be a third team with cap say Bobcats is involved. Frist, trade Francis to Bobcats for a draft, becasue of Francis BYC status, the TE Rockets got was 5.48M, half of Francis 2003 salary. Then, a three way trade between Rockets, Bobcats and Magic. Rockets traded Cato and Mobley, received T Mac, Gaines and another draft from Bobcats. Bobcats traded Francis, received Howard and Lue. Magic traded Howard, Lue, T Mac and Gaines, received Cato, Mobley and Francis. Finally, Rockets used the 6.99M TE plus the two drafts to obtain Howard and Lue from Bobcats in two seperate trades. Bobcats received back their drafts. The remaining TE will be 6.99M-4.917M-1.5M = 0.573M. After renouncing the TE, Bobcats will have same cap as before.
Actually using a little creative financing it might be simpler than that. The Rockets trade Francis(byc Salary) + 6.3 of TE for Mcgrady. The Rockets then trade Cat and Cato for Juwan howard (byc salary), Lue, Gaines and 5.4 milion from the exception we just sent them to complete the deal. Anyway you look at it the Rockets were very shrewd to achieve. Hats off to CD if this is true.
