Posted by bwb53 on 7/27/2012 3:58:00 PM (view original):
Shaw for minor leaguer and 5m in cash. One side gets shaw, the other side gets 5m which he puts into signing prospect A,
Shaw and 5m salaried minor leaguer for minor leaguer. One side gets Shaw, the other has 5m which he puts into signing prospect A. In each transaction, both sides have the same capabilities post transaction. The only difference are the added minor leaguers involved. There is no difference between giving 5m in cash, or taking 5m in salary. Both trades leave the teams with the same capabilities. If there was an advantage, one trade would allow an owner to do more than the other post trade. It'e the same.
This is bogus for two reasons:
(1) the advantage is not in being able to sign the daft pick post trade, the advantage is the increased cap room; which is particularly relevant because of
(2) trading salary instead of receiving cash changes the complexion of the trade and therefore the valuation of players involved. If I have a pool of cash sitting around, it is no sweat for me to either trade some of it away or else take on a one-year contract. But, if I am taking on a contract that exceeds the value of the cash I would otherwise offer (let's say $5 million), then I will either want more returning to me in terms of player value or I will want to reduce the value of the player(s) I am sending the other way. What I am getting at is that including salary constrains the actors in ways that cash does not, assuming the salary being traded does not exactly match the cash being requested, either because the salary assumed runs for more than one season (as opposed to the cash commitment which is a one-time expense) or because the salary is a greater (or lesser( sum than the cash needed by the other party. This difficulty of matching the value of cash with the value of a contract also constricts the trade market for the owner attempting to clear cap space. In other words, cash makes it easier, which in itself is an advantage over the option to trade away salary. And, of course, barring a horrible contract, any trading away of salary also reduces the team's ability to field a competitive team (yet another advantage).
So, yeah, they are not the same thing.