Non-Bird Exception Question...Joe Smith
Posted: Sun Jul 26, 2009 10:24 pm
The Cavs may be looking to keep Joe Smith this year, we've already spent the majority of our MLE and have our BAE left, but I'm not looking to use either of those here. I'm looking to see what the NON-BIRD EXCEPTION entails.
First, I'm assuming Joe Smith is eligible to qualify for this for the Cavs. Although, I don't think he has a cap hold with us, so I don't know if he's considered "our free agent", even though we were the last team he played for, I know we don't have bird or early bird rights, but as I read it, that's where this exception comes in.
Second, I'm really confused as to the dollar amount that we'd be able to use from this exception to re-sign Joe Smith, because his situation is strange.
We traded him to OKC where he played until March with a salary of around 5 million dollars. Then he was bought in March. I'm not too sure, but I think he left almost everything he still was owed from OKC on the table, and then he came here and signed for the pro-rated portion of our remaining MLE(we had most of it available...we only spent 450k of it on Darnell Jackson's contract..so the pro-rated portion of ~5.3 million dollars).
Now, it says we can pay Joe Smith up to 120% of his previous years salary in the exception. What is that number? Is it 120% of the pro-rated portion of the MLE? Does it go on a game-by-game basis?(like a 120% raise per game for every game he's under contract or something like that) Is it the total amount he made last year between buy-outs/with OKC/with us? Is it just the salary he began with last year?
Any answers would be appreciated.
First, I'm assuming Joe Smith is eligible to qualify for this for the Cavs. Although, I don't think he has a cap hold with us, so I don't know if he's considered "our free agent", even though we were the last team he played for, I know we don't have bird or early bird rights, but as I read it, that's where this exception comes in.
Second, I'm really confused as to the dollar amount that we'd be able to use from this exception to re-sign Joe Smith, because his situation is strange.
We traded him to OKC where he played until March with a salary of around 5 million dollars. Then he was bought in March. I'm not too sure, but I think he left almost everything he still was owed from OKC on the table, and then he came here and signed for the pro-rated portion of our remaining MLE(we had most of it available...we only spent 450k of it on Darnell Jackson's contract..so the pro-rated portion of ~5.3 million dollars).
Now, it says we can pay Joe Smith up to 120% of his previous years salary in the exception. What is that number? Is it 120% of the pro-rated portion of the MLE? Does it go on a game-by-game basis?(like a 120% raise per game for every game he's under contract or something like that) Is it the total amount he made last year between buy-outs/with OKC/with us? Is it just the salary he began with last year?
Any answers would be appreciated.