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.