Re: Celtics pursuing Fernandez
posted at 7/28/2010 7:59 PM EDT
Sheed, Davis and #1 pick (can take back up to $11m) for:
David Aldridge revisits the Sheed for a draft pick and PTE:
> I have a question regarding a point you made on Rasheed Wallace and the Celtics options. Here is what you wrote:
Boston would like to use the contract of Rasheed Wallace, who has told the Celtics he will retire, to get a trade exception. If Boston sends Wallace's contract to another team -- which could remove the salary from its cap as long as Wallace stays retired -- for a draft pick, the Celtics could get a trade exception for as much as the $6.3 million Wallace was due to receive.
I don't see the benefit for the other team doing this unless the Celtics are including draft picks, cash or both. And wouldn't that team need to be under the cap to fit Sheed's salary since they are not sending any money out?
They could also get a player, Derek, which I did not make clear: the exception was only one option, which would allow the Celtics to sign a free agent for more than the mid-level exception. But as the number of players worth the mid-level dwindle, Boston may not have a choice but to take an actual player back for Wallace's contract. <
A team over the cap can send a player to another team under the cap for a draft pick (Worth $0 in a trade) and take back a PTE for the player traded's salary.
Or the player could be sent to any team for up to 125% plus $100k of the player's salary for other players from that team or others involved in the trade as long as the entire trade takes place as one transaction.