Module 3 Pt. 2

Question 1

Aggregation

Answer 1

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

Question 2

Bi-Annual Exception

Answer 2

An Exception allowing a player to be signed for up to 2 years with 5% raises.
This exception cannot be used in consecutive seasons

Question 3

Bird Exception

Question 4

Disabled Player Exception

Answer 4

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.

Question 5

Early Bird Exception

Answer 5

An Exception allowing teams to re-sign their Early Qualifying Veteran Free Agent to lucrative contracts

Question 6

Early Qualifying Veteran Free Agent

Answer 6

The term used in the CBA for a player with Early Bird Rights (2 seasons on his Bird Clock)

Question 7

Estimated Average Salary

Answer 7

The projected value for the league’s average salary, calculated using 104.5% of the previous season’s actual average salary

Question 8

Exception

Answer 8

A mechanism allowing a team to conduct transactions that result in the team being over the salary cap

Question 9

Larry Bird Exception

Answer 9

An Exception allowing teams to re-sign their Qualifying Veteran Free Agents to lucrative contracts

Question 10

Mid Level Exception

Answer 10

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

Question 11

Minimum Player Salary Exception

Answer 11

A salary cap exception allowing teams to sign players to minimum salary contracts for up to 2 seasons

Question 12

Non-Bird Exception

Answer 12

An Exception allowing teams to re-sign their Non-Qualifying Veteran Free Agents to lucrative contracts

Question 13

Non-Qualifying Veteran Free Agent

Answer 13

The term used in the CBA for a player with non-Bird rights (1 season on his Bird Clock)

Question 14

Non-Simultaneous Trade

Answer 14

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

Question 15

Non-Taxpayer Mid-Level Exception

Answer 15

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

Question 16

Qualifying Veteran Free Agent

Answer 16

The term used in the CBA for a player with full Bird rights (at least 3 seasons on his Bird Clock)

Question 17

Rookie Exception

Answer 17

A salary exception that allows a team to sign its draft pick to a Rookie Scale Contract while over the salary cap

Question 18

Room Mid-Level Exception

Answer 18

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

Question 19

Simultaneous Trade

Answer 19

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

Question 20

Taxpayer Mid-Level Exception

Answer 20

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

Question 21

Traded Player Exception

Answer 21

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

Question 22

Trade Exception

Answer 22

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

Question 22

Veteran Free Agent Exception

Answer 22

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