Warriors, Thunder, Heat Hold Largest TPEs

A number of traded player exceptions that were scheduled to expire in July had their deadlines pushed back to coincide with the NBA’s revamped offseason schedule. In order to give teams the opportunity to maximize their resources, the expiration dates for those trade exceptions have been postponed to ensure they fall after the start of 2020 free agency.

For instance, the Warriors‘ $17.2MM traded player exception, generated in last July’s Andre Iguodala deal, had initially been set to expire on July 7, one year after the team traded Iguodala and one day after the NBA’s July moratorium ended. Now, with the free agency moratorium scheduled to end on October 23, Golden State’s TPE will expire on October 24, giving the team a small window to use it.

Presumably, if free agency gets delayed again, as has been rumored, the deadlines for that Warriors TPE and others would be pushed back again too.

As we explain in greater depth in our glossary entry, traded player exceptions allow over-the-cap teams to acquire players without needing to match salaries. The Warriors’ Iguodala trade exception is the one that’s most frequently discussed and speculated about, but Golden State isn’t the only team with a TPE that could come in handy this offseason.

Listed below are the 10 most valuable trade exceptions still available, along with their current expiration dates. Teams that go below the cap to use their cap room this offseason will have to forfeit these TPEs to do so.

  1. Golden State Warriors: $17,185,185 (10/24/20)
  2. Oklahoma City Thunder: $10,389,997 (10/27/20)
  3. Oklahoma City Thunder: $9,346,153 (10/25/20)
  4. Miami Heat: $7,533,867 (2/8/21)
  5. Portland Trail Blazers: $7,069,662 (1/21/21)
  6. Memphis Grizzlies: $4,736,842 (10/25/20)
  7. Memphis Grizzlies: $4,185,185 (2/8/21)
  8. New York Knicks: $3,988,766 (2/8/21)
  9. Cleveland Cavaliers: $3,837,500 (12/24/20)
  10. Houston Rockets: $3,595,333 (2/5/21)

Check out our tracker for the full list of available traded player exceptions.

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