Teams that still have money remaining on their mid-level and bi-annual exceptions saw those exceptions begin to prorate downward by 1/174th per day on Monday, January 10, as Bobby Marks of ESPN tweets.
For instance, if a team still had $5MM of its mid-level exception on Monday, that amount has now begun to decrease by $28,736 per day. The daily reduction for the rest of the season is always determined based on the amount of the exception left on January 10. So even if that hypothetical team with $5MM of its mid-level remaining decided to use $2MM of it today, the leftover amount would continue to decrease by $28,736 per day going forward.
Many teams have either already used their mid-level and bi-annual exceptions or don’t intend to. However, this may affect certain teams that want to pursue players on the buyout market or plan to convert players from two-way contracts to standard deals later in the season.
Here are a few more odds and ends from around the basketball world:
- In an Insider-only story for ESPN, Marks has shared his annual trade deadline guide, providing an in-depth look at what to watch for all 30 teams, including each club’s cap and tax situation, trade restrictions, and top trade candidates.
- After signing NBA G League contracts, two former first-round picks have new teams. Guard Kris Dunn has joined the Clippers‘ affiliate, the Agua Caliente Clippers of Ontario, while Terrance Ferguson will be a member of the Rio Grande Valley Vipers, the Rockets‘ affiliate (Twitter links via Marc Stein).
- Mike Vorkunov of The Athletic spoke to outgoing NBPA executive director Michele Roberts about her tenure with the players’ union, her retirement, the upcoming CBA negotiations between the league and the union, and several more topics. Tamika Tremaglio took the reins as the NBPA’s new executive director on Monday.