Ok, a bit of a mistake in that last post. I had said that a possible sign/trade deal would involve Chalmers, Anthony and a trade exception. That was wrong. Anthony isn't under contract. Aside from that though, I'm sure some people are wondering what the hell a trade exception is.
This (from what I understand) is the basic gist of a traded player exception (or, as you've probably been reading it as, "trade exception"). The trade exception is a ruling that comes into play when two teams engage in a trade of two players with unequal salaries. In this case, Bosh (who if signing with Toronto) would make many times the salary of one Mario Chalmers. So, to make the trade work within the CBA, Miami (in order to get Bosh) packs Chalmers along with a massive trade exception. And I do mean massive, we would be looking at minimum 18 million I'm guessing.
Now, I'm not sure if draft picks are allowed to be packaged along with the exception. But if it is, Colangelo is most definitely pushing for it. Draft picks, if you're wondering, hold no monetary value in trades. However, one catch to this miraculous sounding rule, is that the exception can not be used to sign a free agent. Nor can it be combined with another exception (E.g. the mid-level exception) to sign a free agent. But, it is utilized in trades to allow the team holding the exception (i.e. Toronto) to trade for, and take on, higher salaries than they send out. So should Chalmers be coming in, expect him to be packaged out in a trade where a team with a coveted asset (on a high salary) is looking to shed some salary.
So, confused? Hope that cleared up some questions. And don't forget, Colangelo also has another 10 million in trade bait with the expiring contracts of Reggie Evans and Marcus Banks. The off-season is far from over for Toronto.
The maximum contract Chris Bosh can receive starts at 16.57. I think Chambers makes something in the region of $850,000 so the exception would be in the neighborhood of $15 million if Chris receives the maximum contracts. I believe it's valid for one year from the the date of the trade.
ReplyDeleteFrom this corner as a Raps fan i wouldn't even bother with Chambers.
Take the exception from Miami along with their 2011 first round pick and get back the protected pick that was included in the J.O./Marion trade. Maybe a 2012 first rounder as well.
Watching Sam Presti's and Kevin Pritchard's draft day magic the last few years laying the foundation for young and future finals contenders shows the value in stockpiling first round picks.
They are the best assets in terms of value as they are locked in to cheap, long term contracts.
Ah well, that's what I get for not reading the salaries. And yes, correct on the valid for one year thing.
ReplyDeleteYeah, I'm sure nobody wants Chalmers. But if Toronto wants that Sign/Trade, they'll have to take him (and worst case...Beasley). It's not that big of a deal to me. I have no doubt he'd be getting turned around into another deal before he's even placed down money for his ticket to Toronto.