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League denies Knicks disabled player exception for Cuttino Mobley

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That would have enabled the Knicks to go over the cap to sign one free agent or absorb the salary of one player in a trade up to 50% of Cuttino's salary or the average salary (basically another MLE) whichever is smaller. Small setback in the quest for LeBron. Note: Disabled player exception is designed to replace a player for the season he is going to miss, and is something different than medical retirement as in the Darius case. The Blazers could have applied for one for Raef or Oden, but as far as I know didn't.