Warriors/Magic

Warriors Trade:
James Johnson

Magic Trade:
2013 ORL 1st top 8 protected, if it does not convey it becomes 2013 ORL 2nd 

Magic use their room exception to acquire johnson. 

hate to see you go james but you'll play a lot more out in orlando. for the league!

Accept

PROCESSED.

Warriors: Outgoing = $1,833,550 / Incoming = $0¹
Magic: Outgoing = $0 / Incoming = $1,833,550^2,3

Notes:
1) Since the Warriors are already operating as an under-the-cap team for 2011, they do not generate a trade exception.
2) Magic taking back more money than they're bringing in, officially hard-capping them at the 1st Apron for the 2011 season.
3) Magic using Room Exception in trade to take in Johnson. They have $1,627,450 left of their Room Exception for 2011.