http://www.cbafaq.com/salarycap.htm#Q25
This exception may be split and given to multiple players. It may be used for contracts up to four years in length, with raises up to 4.5% of the salary in the first year of the contract. Signing a player to a multi-year contract does not affect a team's ability to use this exception every year -- for example, a team can use this exception to sign a player to a four-year contract, and use it again the following year to sign another player. Also see question number 26 for more information on the availability and use of this exception.

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