Cavs supposedly looking to trade Haywood to create a trade exception. Probably something like a second and Haywood for a top 55 protected second with a trading partner who has excess cap room. Cavs trade partner cuts him.
Cavs get trade exception. Counterparty gets a second in essence. Cavs would pay a ridiculous amount with the added tax to actually have the $!0M on their books otherwise.
It's not about the luxury tax. Haywood will be released. The exception lets them take on the salary in the middle of the season when they can see what short-term needs they have without sending salary back to another team. Any salary they take on at the trade deadline counts fully (not pro-rated) against their tax amount. So if they trade Haywood now for that $10.5 million exception, and then take on $10.5 million in salaries mid-season, they'll owe the same amount of luxury tax. Having the TPE just makes trades easier, because it let's them get two $5 million guys from two different teams, and neither of those teams would need to take on any money (and would get their own TPE as well).
That's what Cleveland's trade of Rakeem Christmas yesterday was partly about -- to acquire one of the seconds needed to create this trade exception, as well make use of it for expiring contracts in 6 months.
What's with the paraphrasing of Winhorst's article? Did you guys bother to read it?
The Cavs could choose to have a larger trade exception (by dealing with a Philly or Portland) over taking on the likes of Turner now. In fact there's a pretty good chance Ainge has already expired some form of deal like I suggest with the Cavs. But if not, I hope they will.
Nope. Knew about it from elsewhere.
That's great. I didn't see you report it for an major news outlets, so I chose to site such an article so the whole thing didn't need to be hashed out again in questionable detail.
Sorry, knew about it from a Twitter source before I saw the thread and when I read your deal and others, I knew people were off onto the wrong track. Cavs don't want to take salary back which made most of this discussion DOA since we don't have cap room to do the type of deal I talked about. POR or PHI do.
Windhorst (and Saltlover) both think it's for getting players this year. It's funny that Windorst would say that after noting the historically large tax bill the Cavs are facing. I'd wager that the Cavs are going to roll the new TPE they would get from the type of transaction I outlined over until next summer and use it then or roll it over again.
Cavs have been getting itchy about the huge bill they're facing for a while and it became apparent back in June when they traded out of the first. Now they traded Christmas to get a TPE. Pretty obvious that this is a big deal with them and they still haven't settled with TT, Delly, and JR IIRC, all who are looking for more money than they're worth.
The Haywood TPE, the contracts, the huge tax bills have been talked about for a while outside the hallowed halls of CBlog forums. Twitter feeds like Woj, Stein, Ford, Spears, Kyler, Givony etc. are my primary sources or Twitter aggregators like Hoopshype or Sports Spyder's sidebar. Quicker news than ESPN unless ESPN is the sole creator of the news or being used as a house organ for something like Deflategate. A lot of people have Woj up for the draft because it goes out on Twitter first from him on most of the picks. The ESPN guys on the air are checking their feeds.
http://hoopshype.com/social/http://sportspyder.com/teams/boston-celtics/news