this trade seems tailor made for us given our PTE and terminable contracts. Maybe we can use the pick we extract out of it for Love deal??
You can't use the TPE and other contracts in the same deal but it can include draft picks. This would have to be separate. It's why Asik for the TPE makes sense...
Here is the exact information
Traded Player Exception[edit]
If a team trades away a player with a higher salary than the player they acquire in return (the deal hereafter referred to as "Trade #1"), they receive a Traded Player Exception, also known as a "Trade Exception". Teams with a trade exception have up to a year in which they can acquire more salary in other trades (Trade #2, #3, etc.) than they send away, as long as the gulf in salaries for Trade #2, #3, etc. are less than or equal to the difference in salary for Trade #1. This exception is particularly useful when teams trade draft picks directly for a player; since draft picks have no salary value, often the only way to get salaries to match is to use a trade exception, which allows trades to be made despite unbalanced salaries. It is also useful to compensate teams for losing free agents, as they can do a sign and trade of that free agent to acquire a trade exception that can be used later.
Note this exception is for single player trades only, though additional cash and draft picks can be part of the trade.
http://en.wikipedia.org/wiki/NBA_Salary_Cap#Traded_Player_Exception