Module 3 Pt. 2 Flashcards
Aggregation
Combining 2 or more outgoing salaries in a trade, for the purpose of bringing back a player with a higher salary than either player in the aggregation can bring back alone.
For example: A $10 million player can be traded for a $12 million player without Aggregation, but his salary must be Aggregated with another salary to bring back a $15 million player
Bi-Annual Exception
An Exception allowing a player to be signed for up to 2 years with 5% raises.
This exception cannot be used in consecutive seasons
Bird Exception
Disabled Player Exception
A salary cap exception providing cap room to sign a replacement for an ill/injured player who will be out the remainder of that season.
This exception must be approved by the league.
Early Bird Exception
An Exception allowing teams to re-sign their Early Qualifying Veteran Free Agent to lucrative contracts
Early Qualifying Veteran Free Agent
The term used in the CBA for a player with Early Bird Rights (2 seasons on his Bird Clock)
Estimated Average Salary
The projected value for the league’s average salary, calculated using 104.5% of the previous season’s actual average salary
Exception
A mechanism allowing a team to conduct transactions that result in the team being over the salary cap
Larry Bird Exception
An Exception allowing teams to re-sign their Qualifying Veteran Free Agents to lucrative contracts
Mid Level Exception
A salary cape exception allowing teams to sign ANY free agent or draft pick to a mid-level contract.
There are 3 versions of this exception (Non-Taxpayer, Taxpayer, & Room) that allow different starting salaries and contract lengths
Minimum Player Salary Exception
A salary cap exception allowing teams to sign players to minimum salary contracts for up to 2 seasons
Non-Bird Exception
An Exception allowing teams to re-sign their Non-Qualifying Veteran Free Agents to lucrative contracts
Non-Qualifying Veteran Free Agent
The term used in the CBA for a player with non-Bird rights (1 season on his Bird Clock)
Non-Simultaneous Trade
A trade that is not simultaneous. If a player is traded without Aggregation, and the trade does not return more than the player’s salary plus $100,000, then the team has 1 year to acquire additional salaries in subsequent trades, bringing the total up to the traded player’s salary plus $100,000
Non-Taxpayer Mid-Level Exception
A version of the Mid-Level Exception allowing teams to sin players for up to 4 years, starting at approximately the average player salary.
This exception is available ONLY to teams who are (and remain) below the Apron
Qualifying Veteran Free Agent
The term used in the CBA for a player with full Bird rights (at least 3 seasons on his Bird Clock)
Rookie Exception
A salary exception that allows a team to sign its draft pick to a Rookie Scale Contract while over the salary cap
Room Mid-Level Exception
A version of the Mid-Level Exception allowing teams to sign players for up to 2 years, with a lower starting salary than provided by the Taxpayer or Non-Taxpayer Mid-Level Exceptions.
This exception is available to Room teams or teams that had been Room teams earlier in the Salary Cap year
Simultaneous Trade
A trade that completes all at once (as opposed to a Non-Simultaneous Trade).
Any trade in which salaries are Aggregated, or in which any traded player returns more than his outgoing salary plus $100,000 must be a Simultaneous Trade
Taxpayer Mid-Level Exception
A version of the Mid-Level Exception allowing teams to sign players for up to 3 years, with a lower starting salary than provided by the Non-Taxpayer Mid-Level Exception.
This exception is available to teams who are above the Apron
Traded Player Exception
A salary cap exception enabling teams to make trades that leave them over the salary cap, but imposing limitations on the amount of incoming salary that can be received.
Not to be confused with Trade Exceptiont
Trade Exception
The informal term used to describe a team’s ability to absorb additional incoming players for 1 year following a non-simultaneous trade.
Not to be confused with Traded Player Exception
Veteran Free Agent Exception
An Exception that lets a team exceed the cap to re-sign its own free agents (aka Bird Exception).
This exception ramps up over 3 years - the longer a player is with his team, the more the team can spend on the player with this exception
