That's my understanding too; an exemption means keeping a player after the year without counting against the point limit for keeping players for the next year.Right. You don't use exemptions for someone before they even debut. This is Bonderman's third year, so this is his third, and final, exemption. Adam, of course, is very interested in this conversation with Teixeira and Matsui being third year players. :D eh, slightly interested perhaps. :D