NBA – Ja Morant forfeits the rest of the season, the Grizzlies will have until March 11 to use their envelope of $12.4 million.
Two weeks after their request for a financial envelope in order to compensate for the fixed price I Morant for the remainder of the season due to his torn labrum, the Grizzlies have obtained it from the NBA, announcement ESPN.
A ” disabled player exception » in the amount of 12.4 million dollars and to be used until March 11, which is supposed to allow Memphis to recruit an additional player, while Desmond Bane, Marcus Smart and Derrick Rose are also absent in the backcourt local.
This is already the second financial package recovered by the Grizzlies, as they had already received one after the injury of Steven Adams for the entire season as well. The difference being that, this time, its value is no longer 6.3 but instead 12.4 million dollars, the maximum authorized in this scenario.
Disabled Player Exception
: when a franchise loses a player for a long period of time, it can ask the NBA to take advantage of an additional envelope to recruit a player. This “exemption”, granted after a study of the medical file, makes it possible not to count the salary of the injured player, and to offer a contract to his replacement for an amount equal to 50% of the salary of the injured player. With this envelope, you can sign a free player or a player on the cut list, but also make a transfer. The duration of the contract of the player acquired by this exception cannot exceed one year, and with this envelope, only one player can be acquired.
2024-01-24 16:13:42
#Grizzlies #envelope #replace #Morant
