In a somewhat complicated sign-and-trade agreement that has Kevin Martin inking a near $30 million deal with the Wolves, the Thunder are gaining a $7 million trade exception.
Here’s how that works: The Thunder are sending the Wolves cash to make it worth their while because they could just sign Martin outright. But in the deal, the Thunder “sign” Martin and then trade him to the Wolves, who are under the cap and to match salaries, send back what’s called a traded player exception. Essentially a pretend player that doesn’t occupy a roster spot but is worth the signing price, which in this case is $7 million.
It’s a very Presti move. It’s gaining value out of Martin’s departure instead of just allowing him to walk for nothing. The Thunder may not use the exception, but now they have it.
So, what’s a trade exception again? Keep Reading…