i don't see how thats possible. Whatever Shard was payed last year is officially irrelevant because it is now the beginning of the 2007-2008 off-season.
I'm pretty sure its a combination of Shard's new salary, and the Sonics' and Magic's salary cap account balance. Perhaps the difference between Shard's first year and the cap space of whoever has the most $$ room under the CBA.
How to use it? Maybe use it to pry Boris Diaw away from Phoenix, as it seems they're always trying to cut costs.
Or perhaps they'll be an intermediary faciliator in a big superstar trade for KG, JO, Kobe, etc, that will be used to increase financial flexibility for the teams involve, effectively netting Seattle some draft picks...
I just read it is officially set at $9.25 million, and hopefully will be used as a catalyst for big-name trades over the summer.
With the 25% lee way provision under the CBA, it can be used to acquire someone with a contract ranging from $6.94 million to $12.19 million per year.
Edit Bynum's right, they don't have to use all of it.
So they can acquire a contract up to $12.19 million per year, assuming the player is not on a base-year contract which is more difficult to compensate for in a trade.
I just read it is officially set at $9.25 million, and hopefully will be used as a catalyst for big-name trades over the summer.
With the 25% lee way provision under the CBA, it can be used to acquire someone with a contract ranging from $6.94 million to $12.19 million per year.
Edit Bynum's right, they don't have to use all of it.
So they can acquire a contract up to $12.19 million per year, assuming the player is not on a base-year contract which is more difficult to compensate for in a trade.
Gettting the Trade exception, as far ass I know is a non-simultaneous trades. In a non-simultaneous trade, a team can only acquire up to 100% plus $100,000 of the salary it gives up. So the max they can take back this year is a $9.35 million player. The 25% only applies to simultaneous trades.
I just read it is officially set at $9.25 million, and hopefully will be used as a catalyst for big-name trades over the summer.
With the 25% lee way provision under the CBA, it can be used to acquire someone with a contract ranging from $6.94 million to $12.19 million per year.
Edit Bynum's right, they don't have to use all of it.
So they can acquire a contract up to $12.19 million per year, assuming the player is not on a base-year contract which is more difficult to compensate for in a trade.
Actually trading for a BYC player with their trade exception would be easier, even if he was signing a max contract because they would be matching less than the actual salary. And from the other team's perspective it would be like trading the player to a team with enough cap room to accept the palyer's new contract.
but with the way the deals are going, it seems like the management wants the sonics to have a mediocre year at best.
if bennett is able to buyout the rest of the key arena agreement, my guess is that they will use the trade exemption after the announcement of the new city the 'sonics' will be at
but with the way the deals are going, it seems like the management wants the sonics to have a mediocre year at best.
if bennett is able to buyout the rest of the key arena agreement, my guess is that they will use the trade exemption after the announcement of the new city the 'sonics' will be at
is there a time limit on a TE's use?
I think trade exceptions last a year to the date... and i'm pretty sure they cannot combine any other players with it in a deal(not sure about draft picks).
I think trade exceptions last a year to the date... and i'm pretty sure they cannot combine any other players with it in a deal(not sure about draft picks).
yes they have one year to trade a player and take on one or several contracts the size of rashards
The Sonics Trade Exception
