Cleveland Cavaliers Targeting Omer Asik and Tyreke Evans

However, the ESPN Trade Machine doesn't completely understand trade exceptions. So, part one of this is Omer Asik into the Haywood exception. It is a separate transaction in and of itself. In the process of New Orleans Pelicans create a $9.2 million trade exception of their own, which would count against the cap this summer and expire in February. Such exceptions can be repudiated so the Pelicans could gain approximately $10 million in cap space this summer.

Secondly, the Cavs could do this trade, sending out Anderson Varejao ($9.3 million of his 2016-17 contract is guaranteed) as a second transaction. This situation costs the Cavs the least in terms of assets, but they take on the remaining 3 years and $34.7 million of Asik's contract.

The first option creates $9.7 million ($1 million more if they waive Varejao) in additional cap space this summer while wiping away Asik's contract. The second option creates $7.5 million along with the likelihood of re-signing Timofey Mozgov to a long term deal (which would wipe that cap space away) with his Bird Rights. (http://www.delhidailynews.com)