Sentences with phrase «salary cap exception»
The Indiana Pacers are set to apply for a $ 5.3 million salary cap exception to help the team replace injured star Paul George, according to David Aldridge of TNT.
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The beauty of the deal is that the Nets also get to maintain their salary cap exceptions to use to upgrade the rest of the roster.
Not exact matches
He wielded all the power in this scenario; the Rockets are working their spreadsheet magic to make this deal work while technically staying over the salary cap (thus allowing them to make use of provisions like the mid-level exception), but this entire process was set in motion by Paul wanting to play with Harden.
Notably, this trade gets Portland under the salary cap and opens up a $ 3.5 million traded player exception, which they could use on a free agent on the buyout market.
It is the belief of the owners that the best way to counter the losses incurred by the league is to propose changes to the current CBA that include: the institution of a hard salary cap with incentive - based salaries that also includes a salary floor, elimination of free - agent exceptions, raised age limits for players to enter the draft, revenue sharing among all NBA teams, and as a last resort, relocation or contraction of teams in the league.
Unless they trade away a couple of their starters, the Wizards will be significantly (and I mean WAY, WAY) over the salary cap — and as it stands right now assuming both Meeks and Jason Smith exercise their player options (and they'd be fools not to), and the Wizards pick up the option on Kelly Oubre (and they'd be fools not to), the Wizards guaranteed salaries for 10 players + cap holds for their first round pick and the Taxpayer Mid-Level Exception will put them OVER THE PROJECTED LUXURY TAX LINE by at least $ 8 Million.
Imagine if you could build a mid-size or even a large - size firm where there was a hard cap on lawyer salaries (and I mean every single lawyer in the firm, without exception); a firm where lawyers were told walking in the door that they would never make more than $ 250,000.00 in salary per year.