In the National Basketball Association (NBA), a signing and exchange transaction is a type of collective agreement transaction (CBA) where a franchise/team signs an unlimited free player for a new contract, and then acts immediately with another team (the player`s choice). This usually occurs to allow the player to get a higher salary and/or more years on his contract than nba salary cap rules generally allow the target team to provide the player himself.  According to ESPN`s Adam Schefter, the Raptors have added some depth to the bank by contracting former Atlanta Hawks guard DeAndre`Bembry. The qualifying offer is a permanent offer for a one-year guaranteed contract that becomes a regular contact when the player decides to sign it. This ensures that the team will not have the right to refuse the first refusal without proposing a contract itself. Starting with CBA 2017, five-year contracts are signed, with the player not allowed to sign with his new team for five years. Nevertheless, the sign and trade allows players to sign with a new team that is already above the ceiling more than the average waiver level of about $10 million, and in some cases, the player`s former team can give a trading exemption under the compensation rules of the year. The Atlanta Hawks announced they signed restricted free agent Bogdanovic after the Sacramento Kings refused to comply with the Hawks` offer card. Under the current CBA, signatures and trades come with many significant restrictions. Transactions under this rule require all of the following to be true: Milwaukee Bucks Star Giannis Antetokounmpo announced Tuesday that he would stay with the team after allegedly signing a record 5-year, $228 million NBA contract. Otherwise, all other signatures will have to wait until the end of the moratorium period. The Free Agency moratorium is a negotiation period from July 1 to 6 during which most free agents are not allowed to sign or do business.