The Chicago Bulls are trading Jameer Nelson to the Detroit Pistons in exchange for Willie Reed (Chicago plans to immediately waive him). As part of deal, Bulls and Pistons will be swapping their second-round picks in 2022.
The Pistons create a $1.47M trade exception with the trade of Reed. Detroit also has a $7M trade exception and $5.2M Disabled Player Exception. While Chicago will create a $1.43M trade exception with the move. The Bulls seem to be operating as a team over the salary cap based on their $12.5M (TE) and remaining Mid-Level and Bi-Annual Exception.