Re: What is Fernandez worth to you?
posted at 7/29/2010 6:18 PM EDT
In Response to Re: What is Fernandez worth to you?
[QUOTE]In Response to Re: What is Fernandez worth to you? : No, you are confusing the MLE with the vet min. The MLE can be used only once per year, for teams over the cap (teams under the cap don't have one). The Celtics used it on Jermaine this year, and Sheed last year. It is about 5.5 mill. There is also the bi-annual exception, for about 2 mill. We used this last year on Daniels. We don't have it this year. Lastly, there is the vet min, of about 1.3. EACH player can get 1.3. Shelden got this last year. All those guys signing with the Heat? Vet min, EACH making 1.3. A team does not have a limit on the number of 1.3 mill contracts it can give out, provided it doesn't exceed the roster limit of 15. Hope that clarifys it. It 's a confusing thing anyway, so no big deal.
Posted by BirdandCowens[/QUOTE]
And, the VM cannot be split .... correct me on that B&C if I'm wrong will ya?
/> a team over the cap can trade a second round draft pick to another team in exchange for a minimum-salary player, even a 10-year veteran earning over $1 million. To qualify, the player can be signed for no more than two seasons, can be paid no more than the then-minimum salary in any season, and can have no bonuses.
When a team acquires multiple players in the same trade, it essentially ignores the incoming salary for all minimum-salary players, as they fall under the Minimum Salary exception. For example, a team is over the cap and trades a $5 million player, receiving in return a $6 million player and two players earning $1 million each on minimum-salary contracts. The team trading the $5 million player can accept only $6.35 million in return (125% plus $100,000 of $5 million), and the three incoming players combine for $8 million in salary. However, the two $1 million players are covered by the Minimum Salary exception, so only the $6 million player is traded with the Traded Player exception. Since $6 million is within the team's $6.35 million limit using the Traded Player exception, the trade is allowed.<
I may have indicated that the C's could give old players a signing bonus to be used in a S&T and guess what? I WAS WRONG! I forget stuff too but noone here called me out on it ... just as noone here EVER calls Fierce out on any of his nonsense .... I'll be off this board soon, and not back until next year ... same time same place. At least you guys can do is call others out and make them post some evidence that what they conjure up is indeed right before other posters go off on a tangent like "yeah, trade Sheed and then resign him in Feb for the playoffs." Who started that unbased rumor - no doubt the usual character/s!