In an entry last week for Hoops Rumors' glossary, I broke down how the traded player exception works, noting that a certain kind of trade exception allow a team one year to spend it. If the team doesn't use the exception to acquire a player within a year, the exception simply expires.
Last June, a handful of teams acquired traded player exceptions in draft deals. Having not used them over the course of the year, the following clubs lost their trade exceptions over the weekend:
- Bobcats: $3,500,000 (obtained by trading Shaun Livingston to the Bucks)
- Trail Blazers: $1,246,680 (obtained by trading Rudy Fernandez to the Mavericks)
- Spurs: $854,389 (obtained by trading George Hill to the Pacers)
Hoops Rumors' list of outstanding traded player exceptions has been updated to reflect the expired exceptions, though we'll likely be adding a few new ones to the list later this week.