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Thanks chief, now let me teach you how it actually works.
The Raptors are currently under the cap... yes. They also don't have Chris Bosh on their payroll right now.
But when they resign Chris Bosh, they go over the soft cap using their Bird Rights. Thus putting them over the cap. And thus, every deal they do must meet the 15% requirement. Ergo, the Bulls cannot trade $3 million in salary to acquire $16 million. That deal only works if Deng is included. The Bulls would still be under the cap, but the Raptors would not be. Both parties must be under the cap to not swap near equal money.
The reason the Hinrich to the Wizards deal was able to go was neither team was over the cap at the moment, so the Wizards were able to absorb the extra money.
That does not happen in a sign and trade with Bosh.
Thanks for trying though.
Exactly, which is why if the Bulls sign Lebron do a ST for Bosh they could technically add another 11-12 million a year free agent because they'd essentailly be trading Deng, and some other small contracts for Bosh's and still leaving millions open.