As expected, the Cleveland Cavaliers have allowed two trade exceptions to expire this week, as noted by HoopsRumors.
The trade exceptions were part of the deal for sharpshooter Kyle Korver, acquired by the Cavs one year ago.
One of the trade exceptions was worth $4.8 million and simply expired. The other was so minuscule it’s hardly worth mentioning.
That said, Cavaliers general manager Koby Altman is still armed with several trade exceptions, which can actually prove to be quite valuable to help push through a potential trade. The most valuable of those is the one worth $5.8 million — which the Cavs can dangle as part of a potential deal at the Feb. 8 trade deadline.
If not, the $5.8 million exception doesn’t expire until August, and the Cavs could hold on to it for what could be a busy offseason, with the impending free agencies of LeBron James, Isaiah Thomas and others.
Granted, trade exceptions are not players and only the most die-hard of NBA fans really care about them. A lot of fans, however, don’t even know their purpose.
In brief, trade exceptions enable teams to acquire more salary than they send away in trades. Teams have up to a year to use them, or they simply fade away.
The exceptions can prove to be valuable for teams such as the Cavs, who are way over the salary cap.