WHAT IS THE MINIMUM PLAYER SALARY EXCEPTION?
This rule simply states that a team that is over the cap may still sign free agents to one-year contracts at the minimum. Note that the minimum for veterans is slightly higher than the minimum for rookies. In 1996-97, the minima were $247,500 for veterans and $220,000 for rookies. 20. WHAT ARE THE RULES GOVERNING THE SALARIES INVOLVED IN TRADES? If a team making a trade is over the salary cap, the players being received in trade must not have combined salaries in excess of 115% of the combined salaries of the players being traded away, plus some small fudge factor (about $100K). For example, if the players being traded away have combined salaries of $3,000,000, then then combined salaries of the players being received in trade must be no more than 1.15*($3,000,000)+$100,000, or $3,550,000. There are also other rules regarding “base year compensation” players, players in the first year of a contract being included in multi-player packages, players traded twice within a sixty-day period,
