Following the announcement of the 2016-17 Nba All-NBA team, four players were eligible to sign DVPE contracts during the 2017 offseason. All four have been named to one of three NBA All-NBA teams for this season; Two of them were already eligible under the new criteria.  Perhaps the most well-known exception to the NBA`s salary caps is the exception of Larry Bird, so named because the Boston Celtics were the first team allowed to exceed the salary cap to re-sign one of their own players (in this case, Larry Bird). Free agents who are eligible for this exemption are referred to in the CBA as “eligible veteran free agents” or “bird free agents”, and this exception falls under the terms of the Veteran free agent exemption. Essentially, the Larry Bird exemption allows teams to exceed the salary cap to re-sign their own free agents to an amount up to the maximum salary. To qualify as a Bird Free Agent, a player must have played three seasons without giving up as a free agent or changing teams. Players claimed after the amnesty transferred their bird rights to their new team. Other players who apply for waivers are not eligible for the full Bird exemption, but may be eligible for the Early Bird exemption. Before an arbitration award in June 2012, all players who were waived and teams changed lost their bird rights.   This means that a player can acquire “bird rights” by playing under three one-year contracts, a single contract of at least three years, or a combination of both. It also means that if a player is traded, their bird rights will be traded with them and their new team can use the bird exception to re-sign them. Since the 2011 ABC, Bird exemption contracts can have a maximum duration of five years, compared to six years less than the 2005 ABC.   To address this issue, THE ABAs have included the so-called “Ü38 Rule” since at least the 1990s, according to which certain contracts beyond the player`s 38th birthday[a] should cover seasons after the player`s expected retirement.
The age threshold that triggered this rule was originally set at 35, then at 36 in the CBA from 1999 and at 38 in the CBA in 2017. Salary for all years following the player`s 38th birthday is considered deferred compensation and deferred for the purposes of capping the under-38 seasons of the transaction, with the over-38s in the CBA being referred to as “zero years”. If the player continues to play under the agreement (which refutes the presumption of retirement), the salary that was initially treated as deferred will be evenly distributed over the remaining years of the contract, starting from the second season before the zero years. This rule was a bigger issue before the ABC 2011, which limited the maximum contract duration to 5 years.  The 2017 CBA introduced bilateral contracts between NBA teams and PLAYERS in the NBA G League (formerly D-League). Prior to the 2017 CBA, all D-League players were under direct contract with the league, and all D-League players could be called up by any NBA team, whether or not they were affiliated with the player`s D-League team. Now, each NBA team can sign two players in contracts that allow them to assign players to the G League without running the risk of being “poached” by another NBA team. Players who have signed such contracts will receive a significantly higher salary than other G League players during their time in this league, as well as a proportionate portion of the NBA rookie minimum wage for each day they are with their NBA team under contract. The salaries of bilateral players are not included in the calculation of the salary cap.
 In addition, a team may convert a bilateral contract to a standard NBA contract at any time, with the player`s salary becoming the NBA minimum for the player`s years of service, in proportion to the date of conversion;  A converted contract also does not take into account in the calculation of capitalization.  The new $206 million extension would have kept him in Oklahoma City from 2018 to 2023, but in the four seasons since the start of his contract, he will play the first four years of that contract with four different franchises — Oklahoma City Thunder (2018-19), Houston Rockets (2019-20), Washington Wizards (2020-21), and now, Los Angeles Lakers (2021-22). Fischer said the change to the Supermax contract was a likely solution. The Supermax, or Designated Veteran Player Exception, was introduced with the current CBA, which came into effect in 2017 and extends through the 2023-24 season. The exemption allows teams to re-sign qualified players on up to five-year contracts worth up to 35 percent of the salary cap with an eight percent increase each subsequent year. The goal of the Supermax was to help franchises retain star players by giving them additional financial incentives. Still, supermax has largely not stopped players from skipping the markets, often leaving franchises behind in difficult circumstances in terms of salary. However, his contract is essentially worth $172.55 million, but it would take a jump to the maximum value of $207 million if he received an All-NBA selection through his contract at any time. With All-NBA picks and franchises deciding on contract extensions, fans will see the term “Supermax contract” widely used. And finally, the NBA`s biggest paid contract is the “Supermax contract,” which allows teams that have drafted a player (or traded for their rookie contract) to re-sign them for a whopping 35% of the team`s salary cap. Players on a team`s end-of-season team will remain under contract with their respective teams until the start of the league`s new year on July 1.  Starting at 6 p.m..m eastern time on June 30 and in the early days of July, teams can begin trading with free agents, but transactions cannot be completed and most free agents cannot be signed; This is called the “moratorium period.”  Contracts allowed during this period are limited to: The 2017 CBA provision that allows teams to create designated player contracts for their own veteran players, officially known as the Designated Veteran Player Extension (DVPE), was dubbed the “Kevin Durant Rule” because it was seen as a response to a wave of veteran superstars leaving their teams in free agency.
Completed by Durant`s departure from the Thunder to the Golden State Warriors during the 2016 offseason. The contract is also commonly referred to as “The Supermax”. The 2011 CBA allowed all the teams that tried to attract Durant to offer him the same starting salary of $26.5 million.  “If you look at every team that signed this contract, either they ended up in the wheel or that player was traded,” a team capologist told B/R.