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‘The Last Dance’: How NBA rules prevented Michael Jordan’s Bulls from facing superteams in the 1990s

CBS Sports

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Article Summary:

If a team chose to let a player walk, the original team was granted compensation. Teams spend years planning to have cap space in a specific moment because free agents change teams so frequently. Without a Mid-Level Exception in place, it was the only tool a capped out team could use to add talent, and conversely, it was the only way a player could land with a team that lacked cap space. Top players at that point hogged such a ridiculous percentage of a team’s cap space, and could similarly demand that much from their own teams thanks to their Bird Rights, that building a superteam elsewhere would simply be financially impractical.

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