AussieBuck wrote:eagle13 wrote:DanoMac wrote:Can we do a sign and trade with Monta?
I'd also like to know-
if Ellis opts OUT can we do S&T
if he opts IN can we trade him like any other expiring?
GAD? Anyone?
Dwight Howard signed a one year extension then got traded. Same same.
Small technical correction. Dwight did not sign a one-year extension and then get traded as those are not allowed. What he did was agree to waive his early termination option that he had last summer (July 2012). He did that in March 2012.
In the case of Monta, he has to notify the Bucks by June 30, 2013 that he wants to "opt-out" of his current contract using his early termination option. If he does NOT do that, he then is under contract with us for another season and he can be traded by us.
If he elects to opt out, he then becomes an unrestricted free agent on July 1st, free to sign anywhere. However, we still retain his "Bird Rights" and thus could sign and trade him to another team. However it is important to note that:
a) Any S&T contracts must be for at least three years with year one fully guaranteed
b) WIth the new luxury tax rules taking effect, teams that are more than $4mm over the luxury tax or use the mini-MLE can't accept a player in a S&T. So we can't S&T him to the Lakers for example unless they reduce their salaries considerably.