BRIGGS wrote:crzymdups wrote:You can't combine the exception with any other asset, so I'm not sure how much value it has. I suppose we could trade it to a team for a second round pick?
Can you do that?
Basically a Draft Pick has no value. The Knicks could ask for a draft pick in exchange for taking on another teams player and his cap hit. The Draft pick is just a nice parting gift. The other team benefits from getting rid of the cap hit without having to take back a player. That's how I understand it could work. When we traded for Shved we used part of a Trade Exception to balance out the contracts of Pablo and Shved. The draft picks had no cash value in the trade.
Knicks team president Phil Jackson made his predictable cap-saving move at Thursday’s trade deadline in shipping 37-year-old veteran point guard Pablo Prigioni and a $2.5 million trade exception to the Rockets in exchange for second-round picks in 2017 and 2019 and the 26-year-old Russian shooting guard.