Magic Acquire $17.8MM TPE In Howard Deal

Besides landing six players and five draft picks, the Magic also created a sizable traded player exception in today's Dwight Howard trade, according to GM Rob Hennigan. Josh Robbins of the Orlando Sentinel tweets that the trade exception is worth about $17.8MM. Here's how it was presumably created:

  • The Magic used a portion of their Brandon Bass trade exception to absorb Maurice Harkless' $1,731,960 salary. There was $2.75MM left on the exception after the Magic used part of it to acquire Gustavo Ayon, so there should be a little over $1MM remaining on it now.
  • Using the $4.35MM trade exception they acquired when they sent Ryan Anderson to New Orleans, the Magic were able to absorb Josh McRoberts' $3,135,000 salary along with Christian Eyenga's $1,174,080 salary.
  • By packaging two outgoing pieces in  Chris Duhon ($3,250,000), and Earl Clark ($1,240,000), the Magic were able to take back up to $6,835,000 in salary (150% of those two players' salaries, plus $100K). That was barely enough room for Al Harrington ($6,687,400).
  • The Magic were also eligible to take back up to 150% of Jason Richardson's $5,799,625 salary. Arron Afflalo ($7,750,000) fits into that amount with room to spare.
  • That leaves Howard's $19,536,360 as the only remaining outgoing salary, so the Magic have up to one year to take back that amount. They started by absorbing Nikola Vucevic ($1,719,480), leaving a total of $17,816,880 to use before August 10th, 2013.

For a more detailed explanation of how traded player exceptions work, be sure to check out our Hoops Rumors Glossary entry.

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2 thoughts on “Magic Acquire $17.8MM TPE In Howard Deal

  1. Bobby Sweet

    Makes perfect sense. Very well written, Luke. Thanks for the explanation! Very interesting!

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  2. Hector Cortes

    Hopefully this TPE will be put to good use and we acquire some good talent especially a back up PG or a Center which is what we need right now.

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