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Cash Considerations

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LLcoleJ
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Cash Considerations 

Post#1 » by LLcoleJ » Mon Jan 21, 2008 5:19 am

If a team sends cash ( up to 3 million ) in a trade does that money count toward the cap ? What is the effect of that monies?
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Dunkenstein
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Post#2 » by Dunkenstein » Mon Jan 21, 2008 6:21 am

The $3M does not count against the cap. The main effect is to make the owner receiving the cash $3M richer.
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loserX
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Post#3 » by loserX » Mon Jan 21, 2008 7:15 am

^Exactly. It also cannot be used to circumvent the 125%+$100K provision of the CBA in trades (i.e. it does not count as "salary" outgoing).
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