NBA salary-cap glossary
Bi-Annual Exception — a smaller cap exception available at most once every two years, for teams below the first apron.
CBA 2023 exception provisions (Bi-Annual Exception)
Rulebook entry: cap-intelligence.exception-eligibility
Available only below the first apron and at most every other season; using it hard-caps the team at the first apron.
aggregation · apron · cap hit · cap hold · CBA · dead money · all terms