Hornets acquire Chris Andersen, Cash for 2017 (top 55 protected) 2nd Round Pick

BlackOutBuzz · Post #1 » by **BlackOutBuzz** » Mon Feb 13, 2017 5:04 pm

@ESPNSteinLine
The Cavs just traded injured C Chris Andersen to Charlotte, opening up another roster spot by sending the Hornets cash and a second-rounder

Someone has to be going out, plus we just re-upped our 10-day guys. Roberts?

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_tijo_ · Post #2 » by **_tijo_** » Mon Feb 13, 2017 5:05 pm

Immediately being waived. Per RB. Getting a 2nd rounder for helping the Cavs with cap relief.

BlackOutBuzz · Post #3 » by **BlackOutBuzz** » Mon Feb 13, 2017 5:06 pm

Cavs just issued a release saying THEY get the pick. Ugh.

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BlackOutBuzz · Post #4 » by **BlackOutBuzz** » Mon Feb 13, 2017 5:08 pm

@ESPNSteinLine
The Cavs' trade sending Chris Andersen to Charlotte only costs 'em cash; Charlotte sends a heavily protected second-rounder to seal the deal

I hate this team.

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Post #5 » by **yosemiteben** » Mon Feb 13, 2017 5:08 pm

Guess the 2nd is protected, curious what the protection looks like. Don't mind this at all, pretty irrelevant though. If the 2nd was any good, I'm sure a lot of teams would have been willing to hop on that.

Don't understand why you would dislike that move, it's just a purely administrative move.

_tijo_ · Post #6 » by **_tijo_** » Mon Feb 13, 2017 5:09 pm

so weird. WTF is Cho doing?

Post #7 » by **yosemiteben** » Mon Feb 13, 2017 5:11 pm

oh lol I thought we were getting the 2nd for the bother.

Got nothing, this is dumb.

BlackOutBuzz · Post #8 » by **BlackOutBuzz** » Mon Feb 13, 2017 5:11 pm

I'm sure it's of the top 55 protected variety, but I still hate this. Comes down to trading cap space for some cash while giving them an open roster spot, a TPE, and watch them sweep us in a couple months.

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Post #9 » by **yosemiteben** » Mon Feb 13, 2017 5:12 pm

BlackOutBuzz wrote:Comes down to trading cap space for some cash...

We were above the cap right? Figured we might have used the TDaniels TPE to do the deal.

BlackOutBuzz · Post #10 » by **BlackOutBuzz** » Mon Feb 13, 2017 5:13 pm

yosemiteben wrote:
BlackOutBuzz wrote:Comes down to trading cap space for some cash...

We were above the cap right? Figured we might have used the TDaniels TPE to do the deal.

Lol, you're right.

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Post #11 » by **yosemiteben** » Mon Feb 13, 2017 5:16 pm

What's the rule on matching salary for trade purposes if you aren't sending out any salary? I know you typically have to match like 125%, but what if the guy is like Andersen making only $1M? He's played > 10 seasons, so I think his vet minimum is basically the same amount.

Post #12 » by **yosemiteben** » Mon Feb 13, 2017 5:19 pm

I'll only be annoyed if we burned the TPE for this.

Keith Smith ‏@KeithSmithNBA 4m4 minutes ago
This makes sense as to why CHA hadn't announce the 2nd 10 Day for Mike Tobey yet. This transaction, then waiving of Andersen happens first.

Albert Nahmad ‏@AlbertRandom1 3m3 minutes ago
Hornets only apparent motivation is the cash. Cavs only had $750K to offer in exchange for the $335K left on Anderson’s contract.

Keith Smith ‏@KeithSmithNBA 2m2 minutes ago
CLE will get a top 55 protected 2017 2nd rounder pick from. It will not convey.

Keith Smith ‏@KeithSmithNBA 1m1 minute ago
As @EricPincus termed it, the pick is a "nothing something" required to complete the deal, as both sides are required to trade "something".

8miles · Post #13 » by **8miles** » Mon Feb 13, 2017 5:22 pm

What exactly is the TPE?

Liver_Pooty · Post #14 » by **Liver_Pooty** » Mon Feb 13, 2017 5:23 pm

What is happening right now

Post #15 » by **fatlever** » Mon Feb 13, 2017 5:30 pm

So Hornets essentially get 415K (750K - 335K) in cash by using up Daniels TPE? Meh, whatever.

BlackOutBuzz · Post #16 » by **BlackOutBuzz** » Mon Feb 13, 2017 5:33 pm

Cleveland was so far in the tax that they owe $2.50 for every $1 in salary. They likely sent us enough to cover the half season or so on his deal while saving themselves a ton in tax.

Post #17 » by **yosemiteben** » Mon Feb 13, 2017 5:34 pm

8miles wrote:What exactly is the TPE?

It allows us to take on more salary than we are sending out by more than we are normally allowed to. I haven't researched enough to fully understand how they are created, though. Link about it - http://midlevelexceptional.com/2014/07/03/nba-salary-cap-trade-exception/

Liver_Pooty wrote:What is happening right now

MJ made $400K, while CLE saved $2.5M in luxury tax payments and cleared a roster space.

Post #18 » by **yosemiteben** » Mon Feb 13, 2017 5:34 pm

BlackOutBuzz wrote:...wasting our only TPE 10 days before the deadline.

Are you sure we needed it? Do you have to salary match a minimum salary?

ETA: think we didn't need the TPE.

86. How are minimum-salary players handled in trades?

The "Minimum Player Salary exception" allows teams to acquire minimum-salary players1 without regard to salary matching under the Traded Player exception (see question number 83). For example, a team over the cap can trade a second round draft pick to another team in exchange for a minimum-salary player, even if he is a 10-year veteran earning over $1 million.

http://www.cbafaq.com/salarycap.htm#Q86

euphorbus · Post #19 » by **euphorbus** » Mon Feb 13, 2017 5:39 pm

fatlever wrote:So Hornets essentially get 415K (750K - 335K) in cash by using up Daniels TPE? Meh, whatever.

They could use the money to sign a veteran for one-third the season at the veteran's minimum. This team has a leadership deficit.

BlackOutBuzz · Post #20 » by **BlackOutBuzz** » Mon Feb 13, 2017 5:41 pm

yosemiteben wrote:
BlackOutBuzz wrote:...wasting our only TPE 10 days before the deadline.

Are you sure we needed it? Do you have to salary match a minimum salary?

ETA: think we didn't need the TPE.

86. How are minimum-salary players handled in trades?

The "Minimum Player Salary exception" allows teams to acquire minimum-salary players1 without regard to salary matching under the Traded Player exception (see question number 83). For example, a team over the cap can trade a second round draft pick to another team in exchange for a minimum-salary player, even if he is a 10-year veteran earning over $1 million.

http://www.cbafaq.com/salarycap.htm#Q86

Yeah you're right, I'm frustrated and didn't realize Andersen was a true minimum contract.

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