Thursday, February 18, 2010
Nate Robinson and Marcus Landry were acquired from the Knicks for Eddie House, JR Giddens, and Bill Walker. This deal didn't work under the cap, but our good friend Eddie Ray, official logo designer of the CMSB, figured out how it worked. The answer? Trade Exceptions. From Larry Coon's site on the Cap:
TRADED PLAYER EXCEPTION -- This exception is used for trades, and cannot be used to sign free agents. It allows teams to acquire more salary in a trade than they send away. It also allows teams to take up to a year to complete some trades, banking a credit in the interim.
Exceptions are the mechanisms that allow teams to function above the salary cap. Any trade which results in the team ending up over the salary cap requires an exception. This is true even if the team is moving downward in salary. For example, if the salary cap is $50 million, a team has a team salary of $55 million, and they want to trade a $5 million player for a $4 million player, they still have to use an exception. Even though their team salary would be decreasing by $1 million, the fact that they would still be over the salary cap ($54 million) means that an exception is required.
The Knicks had trade exceptions from the Quentin Richardson and Malik Rose deals to use.
Click on the photo above to see.