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Post by Memphis Grizzlies on Dec 26, 2021 16:26:20 GMT -5
An addition to allow teams that acquire and hold bird rights of players to pay their own UFA’s more than other teams.
Here is the official NBA ruling:
Salary Cap Exceptions There are 11 types of Salary Cap exceptions that are available to NBA teams. These exceptions allow teams to exceed the salary cap and are as follows:
• Qualifying Veteran Free Agent Exception (aka the “Bird” Exception): A team may re-sign its own free agent to a contract with a first-year salary of up to the maximum player salary if he played for the team for some or all of each of the prior three consecutive seasons (or, if he changed teams, he did so by trade or by assignment via the NBA’s waiver procedures during the first of the three seasons).
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