A framework for a solution to the NBA's"Buyout" Situation - a one time annual "Retain and Trade" exemption.
The problem is that players like John Wall become impossible to trade for any value due to the trade rules under the CBA. So the best solution for the Rockets (or other teams) in the situation is to buy them out. The NBA has to come up with some solution to be able to move these players more easily so there are less embarrassing holdouts / or simply mutually sending players home for tanking reasons.
Just putting out a framework of something that can be built on / tweaked:
- Each team is allowed to "Retain and Trade" one player in his last contract year, and the portion that is "Retained" does not apply for matching purposes in trades
- Each team is allowed to have acquired one "Retained and Traded" player on their roster.
How does the "Retain and Trade" work. Let's apply it to the Wall situation.
- Let's assume they can work out a trade with the Clippers where the Clippers offer Terrance Mann (1.8m) and a protected first round pick and teams think it is fair value. That value could be way off, but just using it as an example of how the rule is applied.
- The Rockets agree to "Retain" $45million of Wall's contract. His value for the trade is $1.8m.
- Teams can only "retain" one player each year, and a team can only trade for one "retained" player each year.
- The "One Player Only" retention rule does not result in some teams taking advantage of this much more than others.
I view this as good for all parties:
- The NBA avoids the situation of these holdouts/buyouts which are not good for the league.
- The Rockets are able to extract more value out of trading Wall because of this rule. He was impossible to trade for value because of his bloated contract which can't be moved for value under the CBA.
- The Clippers still get their man, but they now have to give up assets to acquire him, rather than getting him for "free" in the embarrassing buyout market.
- Different contenders get the players, rather than the same old.