Done Deal: Dooling to NJ for a Piece of Paper
The Magic have a year to use the $3.3 million trade exception. It allows them to take back a player making up to $3.4 million ($3.3 million plus $100,000) in a trade without having to send matching salaries back in return. The trade exception can't be combined with another player's contract in a bigger trade.
The likelihood is the Magic won't use the trade exception because their payroll has swelled to $68 million this offseason. The NBA's dollar-for-dollar luxury tax kicks in at $71.1 million and Magic general manager Otis Smith has emphatically said Orlando will not exceed the threshold.
One possible scenario could be the Magic dealing the trade exception in a three-team transaction or to a team looking to shed salaries in order to pick up a future first- or second-round draft pick.
posted by WeRDevos @ 9:36 AM
3 Comments:
At 3:35 PM,
Mike from Illinois said…
According to today's post at thirdquartercollapse.com, former Magic SG Maurice Evans has signed with Golden State for 3 years for $6.4 million.
Thanks to Mo for his contributions with the Magic last season and best of luck in GS.
At 7:47 PM,
Mike from Illinois said…
Latest on Mo Evans from thirdquartercollapse.com:
Evans backed out of his verbal agreement with the Warriors, and instead signed with Atlanta for 3 years at $7.5 million.
At 9:19 PM,
Anonymous said…
The trade exception that the Magic got from the Nets actually expires in Feb because the Nets got it from Dallas when they traded Kidd to them.
So if the Magic are going to use it they will need to this season. Considering how close the Magic are to the lux tax threshold that makes it very unlikely that the Magic will ever use it.
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