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Nets to finally apply for DPE on Jeremy Lin Monday

NBA: Preseason-Brooklyn Nets at New York Knicks Noah K. Murray-USA TODAY Sports

Brian Lewis reports that the Nets will finally apply for a disabled player exception (DPE) on Jeremy Lin Monday, the deadline for DPE applications. The DPE will give the Nets an additional $6 million in cap space to play with at the February 8 deadline or before.

DPE applications usually take about a week to clear the NBA league medical office. However, there are several restrictions on the DPE, mainly that it can only be used on a player with an expiring contract. It can be used in a signing, a trade or waiver claim. It must be used by March 10.

When D’Angelo Russell went down in November, Sean Marks said that he probably would apply for it. (Despite reports, Russell will not make his return Monday afternoon vs. New York.)

FYI, Here are DPE restrictions.

—The Nets must have an open roster spot, which of course at this point, they do not. The DPE does not afford roster relief.

—The DPE can be used on just one player. No splitting it. No combining it with another exception or another player’s salary or cap space to take in anything more than $6 million.

—If used in a trade, there are limits on the DPE’s trade value. Trade rules allow a team to acquire the value of the exception, plus $100,000. So, for the purposes of a trade, the DPE can be valued at no more than $6.1 million.

—Perhaps most importantly, any player acquired, under any circumstance, must be either a free agent or on an expiring deal. If used on a free agent, the player must sign only a one-year contract, meaning through the end of this season. If used to trade for a player or claim one on waivers, that player must be on an expiring contract. And that means no player option, no team option beyond this season.

There are a few other criteria to keep in mind. The first is that it must be used by March 10th. If it goes unused, it will expire. Second is that the DPE does not pro-rate, unlike other exceptions. It remains at the full amount, no matter when it is used.

While fans can conjure up all manner of scenarios for the Nets, DPE’s are rarely used. Still, they can be valuable. For example, if two teams needed a third team with cap space to work out a trade, the Nets could offer to take on a player (with an expiring deal) in return for a draft pick.

Lin of course went down on Opening Night back in October with a ruptured patella tendon and underwent surgery the next day. He is out for the season and according to Lewis, will not even begin running and jumping until April. Lin is rehabbing in Vancouver, British Columbia, occasionally coming to New York for check-ups with Dr. Riley J. Williams, the Nets medical director and the physician who performed his surgery.