RealGM

I forget

Are S&T players still eligible 5th year's and 7.5% salary raises currently?

no

Team A has $5M in cap space.
Team B has $10M in cap space
Team B trades a 5M player to team A for draft picks, leaving Team B with 15M in cap space.
Team A then goes over the cap to sign one of its UFA's to a 15M S&T deal using it's Bird rights
Team A then immediately trades its 15M player to team B for cash.

Does this work as two separate transactions, or would the league view it differently?

Curmudgeon wrote:Team A has $5M in cap space.
Team B has $10M in cap space
Team B trades a 5M player to team A for draft picks, leaving Team B with 15M in cap space.
Team A then goes over the cap to sign one of its UFA's to a 15M S&T deal using it's Bird rights
Team A then immediately trades its 15M player to team B for cash.

Does this work as two separate transactions, or would the league view it differently?

I'm assuming that the Team A and B has there # in cap space is after maintaining the Cap Hold associated with those Bird Rights.
If so, I see no reason for the league to amalgamate the deals. But hypothetically, what would be lost if they were combined?

For Team B, they would have no impact.

For Team A they would get a 10m TPE versus a 15m TPE. But.... Base Year Compensation is likely to effect that anyway.

If a team re-signs its Larry Bird or Early Bird free agent in order to trade the player in a sign-and-trade transaction, the player's new salary is greater than the minimum, he receives a raise greater than 20%, and the team is at or above the cap immediately after the signing1, then the player's outgoing salary for trade purposes is either his previous salary or 50% of his new salary, whichever is greater. The team receiving the player always uses his new salary.

http://www.cbafaq.com/salarycap.htm#Q93

So, the actual TPE amounts would need to take into account the old salaries, and you have a question that isn't as simple as it looks.

Curmudgeon wrote:Team A has $5M in cap space.
Team B has $10M in cap space
Team B trades a 5M player to team A for draft picks, leaving Team B with 15M in cap space.
Team A then goes over the cap to sign one of its UFA's to a 15M S&T deal using it's Bird rights
Team A then immediately trades its 15M player to team B for cash.

Does this work as two separate transactions, or would the league view it differently?

You make it way too complicated. It's easier, and very legal, as one simple trade.

Team A has 94M cap, including Player X 's hold for Bird rights.
Team B has 89M cap, including player Y on a 5M salary.

Team A sign-and-trades Player X (15M salary) and picks
for
Team B trades Player Y (5M) and cash

Team A is legal because 15M outgoing, 5M incoming.
Team B is legal because starts at 89M and ends at 99M. Under-cap trade.

DBoys wrote:

Curmudgeon wrote:Team A has $5M in cap space.
Team B has $10M in cap space
Team B trades a 5M player to team A for draft picks, leaving Team B with 15M in cap space.
Team A then goes over the cap to sign one of its UFA's to a 15M S&T deal using it's Bird rights
Team A then immediately trades its 15M player to team B for cash.

Does this work as two separate transactions, or would the league view it differently?

You make it way too complicated. It's easier, and very legal, as one simple trade.

Team A has 94M cap, including Player X 's hold for Bird rights.
Team B has 89M cap, including player Y on a 5M salary.

Team A sign-and-trades Player X (15M salary) and picks
for
Team B trades Player Y (5M) and cash

Team A is legal because 15M outgoing, 5M incoming.
Team B is legal because starts at 89M and ends at 99M. Under-cap trade.

It is legal either way. But you could have different TPE's for Team A depending upon if it is done as one or two separate transactions.