True or False: The Bi-Annual Exception can be utilized two consecutive years?

The statement that the Bi-Annual Exception can be utilized two consecutive years is false. In the NBA, the Bi-Annual Exception allows teams that exceed the salary cap to sign a player to a contract for a specified amount, but this exception can only be used once every two years. This means that a team can use the Bi-Annual Exception in one season, but they must wait until the following season to utilize it again. Therefore, the correct answer is that the Bi-Annual Exception cannot be utilized in consecutive years, making the statement false.