I thought Grant's salary next season is too big for the TPE. I think that is why the news broke today - so it can be 'official' before the draft on Thursday
No, it fits because there's 100k wiggle room.
https://cbabreakdown.com/salary-cap-exceptions
The
Traded Player Exception is the most intriguing (and inscrutable) part of the CBA. This exception allows teams to trade players and exceed the salary cap in the process. How this exception operates depends on (1) the perspective of the trading team (and trades can be structured entirely differently from each team’s perspective), (2) whether a team trades players simultaneously or in separate deals, and (3) whether a player’s salary is
protected in full or not. The rules for simultaneous vs. non-simultaneous trades are discussed below. Note, non-simultaneous trades are the ones that result in a trade “credit” that can be used for up to one year; this credit is often confusingly referred to as a “trade exception” when the CBA
never uses that term. If a player’s salary is not protected in full, the way the exception is calculated is based on just the player’s
protected compensation (as opposed to the player’s protected
and unprotected compensation).
Non-simultaneous trades — For trades of players that occur at different times, the Traded Player Exception permits a team to take back 100% of the outgoing player’s salary, plus $100,000. Using the non-simultaneous trade rule permits a trade to initially “start” by sending out a player and then be completed down the road in a separate trade (i.e., in October, Team A sends out a player but only receives a draft pick from Team B; then Team A completes the trade in January by taking a player back into this “trade credit” from Team C).
- Rule — A traded player may be replaced in a non-simultaneous transaction by one or more players acquired in a different trade whose salaries together do not exceed 100% of the traded player’s salary plus $100,000.
- Example — Make the same assumptions as the non-taxpaying scenario above. A team previously traded a $10 million player for a draft pick. As a result, the team now has a $10 million trade credit that it has up to one year to use. That team could trade a draft pick for a player or players making $10.1 million. ($10 million plus $100,000.))
Grant's 2022-23 cap number: $20,955,000
Our TPE from the CJ trade: $20,864,198
Just works out!