Last I checked.....
1) Cleveland has a = $14.5 million trade exception for Lebron James.
2) Orlando has a = combined $8.1 million from the trade exceptions of both Rashard Lewis and Marcin Gortat.
3) Toronto has a = $9.0 million trade exception for Chris Bosh.
4) Dallas has a = combined $8.7 million from the trade exceptions of Alexis Ajinca, Matt Carroll, and Eduardo Najera.
5) Denver has a = $17.1 million trade exception for Carmelo Anthony.
6) Houston has a = $7.3 million trade exception for Shane Battier.
7) New Orleans has a = combined $9.2 million from the trade exceptions of Peja Stojakovic and Julian Wright.
8) Phoenix has a = combined $7.6 million from the trade exceptions of Amare Stoudemire and Earl Clark.
So heres my two questions:
a - What happens if these trade exception arent used before July 1st? and,
b - Any ideas as to how these teams could possibly use their exception before July 1st?
Just thought I'd throw this out there, some may find it useful info. Thanks.
a) they simply expire on July 1st if not used.
b) I'm not sure if Orlando, Dallas, New Orleans & Phoenix can combine both together toward 1 player or they need to use each in seperate trades up to the limit of the individual exceptions.
I found a couple articles and attempted to post the links but the spam filter would not let me include them in my response, so here are the details, hopefully they are easy to find.
Hoopsworld has a detailed article explaining trade exceptions. The title of the article is CBA 101: Trade Exceptions Explained, by Larry Coon, 1/11/10
After reading this I was still left with a few questions. This next article uses Orlando's trade exception to explain some of the issues teams with current trade exceptions may need to consider before they expire on July 1st.
Check out the Orlando Sentinel Magicbasketblog
July 9, 2011, by Josh Robbins, "The Orlando Magic's trade-exception dilemma"
a) The TEs would expire 1 year after it was acquired via a trade, so they would not expire on July 1st if it's not acquired on or before July 1 of 2010. However, with the NBA lockout likely to happen, the TE may expire during the CBA negiotiation process. That's why the Cavs is trying apply for extended expiry date for its ~14mil of TE with a legitimate reason.
b) TE cannot be combined, hence your figures are not clear. E.g. a team with a 3 mil TE and a 5 mil TE can only use the 3mil TE to acquire a player with salary under 3 mil and the 5mil TE on a player with salary under 5 mil, but it cannot combine the 2 TEs and acquire a player under 8mil.