I understand the basic concept: it allows a team without cap space to take on more salary than they are giving up in a given trade. However, I read that if a team is using a trade exception, it has to be greater than the total salaries of the incoming players. Is this true?
And if so, then there is only one, maybe two, possible option for a sign-and-trade deal with Villanueva or Sessions. Denver has a sizable TPE from Iverson, and the Heat have one worth 4.2 mill from the Marcus Banks trade.
Any further insight you can provide would be helpful, because I am a little unsure of how this whole thing works, thanks.