Gerald Wallace Trade To Cavaliers Under Consideration, According To Report

The Cavaliers are actually under the salary cap by almost $7 million this season, but the team cannot absorb Wallace’s full salary without using part of its $14 million trade exception. After the proposed trade, assuming no other players are included, Cleveland would still have a roughly $10 million trade exception available through July 10, 2011. That piece could be used to absorb more salary, if a favorable deal presented itself to Cleveland.

And since no trade exception can be used without creating another: by sending away $10.5 million in salary without taking any back, the proposed deal would grant the Bobcats a $10.5 million trade exception of their own, and -- unless trade rules change in the new collective bargaining agreement -- Charlotte would have one year to use it in a lopsided trade.