Birdman Traded to Memphis in three team deal

[HEATVols865]

Riley freaking did it!

Rio and Birdman are gone, luxury tax problem is fixed.
Now we need to fix some clotting issues and the Whiteside problem and we're golden for the future...AGAIN

We're NOT below the luxury tax/repeater tax. We still need to cut salary by > $3 mil ... and more than that if we add anyone.

I thought we had to get below a number, not the tax itself, to avoid getting hard capped last year and that is what's important. Is that incorrect?


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[gom]

Riley freaking did it!

Rio and Birdman are gone, luxury tax problem is fixed.
Now we need to fix some clotting issues and the Whiteside problem and we're golden for the future...AGAIN

We're NOT below the luxury tax/repeater tax. We still need to cut salary by > $3 mil ... and more than that if we add anyone.

I thought we had to get below a number, not the tax itself, to avoid getting hard capped last year and that is what's important. Is that incorrect?

http://www.cbafaq.com/salarycap.htm#Q23

In addition to the tax payments described in question number 21, taxpaying teams have the following restrictions. Note that most of these restrictions aren't triggered unless the team would be over the "apron" -- the point $4 million above the tax level -- following a signing or trade.

1. Teams above the apron cannot use the Bi-Annual exception (see question number 25).
2. Teams above the apron have a smaller Mid-Level exception (see question number 25). Teams above the apron can offer contracts no longer than three years, while other teams can offer four. The starting salary is also lower (for example, in 2011-12 it is $3 million for teams above the apron, versus $5 million for other teams).
3. Taxpaying teams can acquire less salary in a simultaneous trade (see question number 84).
4. Teams cannot receive a player in a sign-and-trade transaction (see question number 91) if their team salary is above the apron at the conclusion of the trade.
5. Teams above the apron do not have the same protections under the Gilbert Arenas provision (see question number 45). Under the Arenas provision other teams can offer restricted free agents salaries starting at the Non-Taxpayer Mid-Level exception. If a team with the right of first refusal does not have Early Bird rights to the player and is over the apron, it will have only the smaller Taxpayer Mid-Level exception at its disposal, and cannot match an offer for the full Non-Taxpayer Mid-Level exception.
6. In addition, taxpaying teams do not receive a distribution from the league wide tax fund. However, they do receive a distribution from the escrow fund (see question number 22).


We don't really have to worry about the BAE or MLE because we will be in cap space.

(5) though is a big one especially with respect to Tyler Johnson.