Last Day to Waive before Cut-Down Date
Last day to waive a player with a non-guaranteed salary before salary becomes guaranteed for the reminder of the season (they then go through waivers for 2 days)
Salary Cap Year Ends
o Last day to sign an Extension o Players are credited with 1 year of Service o Figures for Next Salary Cap year announced (Cap, Tax & Apron Levels, MLEs, BAE, etc.) o Players can begin negotiating [...]
Deadline to Tender/Extend a Qualifying Offer
(a QO can be extended b/w the day after the NBA Finals end - June 29)
Deadline for all other Options
(except in Rookie Scale contracts & player options for players who will be RFAs) and ETOs must be exercised
Last Day to Exercise Player Option
Only if that player could become a RFA (this gives the team extra time to decide whether to issue a QO, to make the player a Restricted free agent
DPEs, 2-Ways and More Trade Options
o Players signed on/before October 15 can be traded § Applies to Larry Bird or Early Bird FAs who re-sign with prior team, the team is over the cap & player receives a raise > 20% o [...]
Cut-Down Date & Exceptions Start Pro-Rating Down
o All salaries guaranteed for that season (other than 2-way players) o Players who do not clear waivers prior to this date, are guaranteed o Scale salary amounts & unused exceptions (NTMLE, TMLE, BAE) begin to reduce [...]