According to Fox Sports anchor John Telich:
Hearing Bucks, TWovles and Cavs have offered deals to Boston for Paul Pierce. #nba Cavs off 2 second rd picks.
Before you scream, “But Paul Pierce is worth way more than 2nd round picks!” know that any such deal that doesn’t include additional players would have to involve a traded player exception (TPE) equal to Pierce’s contract.
The Celtics could then use that exception in a deal with another team.
According to Hoopsworld – my go-to website for player salaries – neither the Cavs nor the Wolves have trade exceptions. The Bucks have about $3 million in TPE.
So there has to be more to the alleged rumors.
My bad. A trade exception is created when an under-the-cap team makes an uneven deal with an over-the-cap team. (This 2011 article from ESPN explains TPE)
Sam Amico of Fox Sports Ohio has more info on Cleveland’s alleged interest:
As for the rumors involving the Cavs, the Boston Celtics and forward Paul Pierce, sources confirmed the C...