Another day, another CBA question. Once you make a trade, how long do you have to wait until you can trade the players that you acquired? I know back in the day there was a 48 hour window (think Rasheed with the Hawks), but I thought I had heard that window no longer existed.
If the newly acquired player is in a trade in which his salary is aggregated with other salaries (i.e. A multi-player deal), then 60 days. If it's a 1-for-1 trade, then the only limit is how quickly you can work out another trade.
For example, say we acquired Carlos Boozer on draft night, June 27th, because the Bulls wanted to clear salary for next year, and we decided we just wanted draft picks. Then, later on, we changed our mind about Boozer, and wanted to send him to Minnesota as the salary match for Kevin Love. If Minnesota only wanted Boozer and a bunch of future picks, the trade could happen immediately. If Boozer also wanted Jared Sullinger, the deal would have to wait until August 26th. (Technically, if Minny had a player who's salary could match Sullinger's whom they didn't want, the trade could be made as two separate deals -- Boozer for Love and Sullinger for mystery salary-matcher, and also occur immediately.)
I hope this example in which we get Kevin Love makes everything clear.