A pair of traded player exceptions expired on Monday, as the Wizards and Cavaliers didn’t find a use for their TPEs. Washington’s exception was worth about $3.39MM, while Cleveland’s was worth $2.76MM.
Both trade exceptions were generated in last December’s three-team trade involving the Bucks, Cavaliers, and Wizards, which saw George Hill sent to Milwaukee and John Henson and Matthew Dellavedova land in Cleveland. The Cavs generated their exception as a result of sending Sam Dekker to the Wizards, but never ended up using that TPE.
The Wizards, meanwhile, created a $5.45MM trade exception in the deal by sending Jason Smith to Milwaukee. They did actually use a part of that exception this past summer, using it to absorb Moritz Wagner‘s $2.06MM in their deal with the Lakers. Washington didn’t use the rest of the TPE, however.
The Cavs still have three traded player exceptions available, though the most valuable one is worth just $1.54MM, so they’re unlikely to be used. The Wizards have more options — they have four TPEs left, including a $5MM exception that doesn’t expire until July 7, 2020.