Quote:
Originally Posted by calculoso
Obviously I don't understand NBA cap and trade
@michaelgrange: With Joseph traded into Pacers cap space, CJ Miles signs mid-level exception. Raptors have a roughly $8-million trade exception to use.
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The Carroll trade created a $12 million trade exception.
Trading Joseph into cap space creates an $8 million exception.
It also brings the Raptors down under the tax threshold so they have an $8 million MLE.
They use that MLE to sign Miles.
They still have two trade exceptions: $12 million from Carroll, $8 million from Joseph. These can only be used in single-player trades and cannot be combined.