HighTopKicks
Bench
You're right, I flubbed on that one. The TPE is counted against the cap unless it is renounced. So we really have practically no cap space to absorb salary.
As I read the CBA on Coon's, we get the MLE @ $5.5M, Bi-Annual Exemption @ $2M, and the Williams TPE at $3.4M. The MLE & Bi are only good for FA's, and the TPE is only good for trades.
By adding them to our base salary after the selection of our 1st rounders, would put our salary over the cap at about $61M. ( $50M+$11M) As I understand the contract, if after adding the exemptions to our salary we were still under the salary cap, we would lose all the exemptions. So, if our base salary was at $40M instead of $50M we wouldn't need or get any exemptions. And, the TPE's would automaticly be lost as well.
Also, if any time during the year the total of our actual salary + our exemptions were to total less than the salary cap we would lose the exemptions then also. Therefore, if we were to renounce our MLE & Bi exemptions, our $50M salary + the TPE $3.4M would be under the salary cap & we would lose the TPE.
So, we can renounce all the exemptions and have $7M in cap space. Or, keep the exemptions and lose all the cap space. Since I don't know what the actual salary cap will be, or the value of the MLE & Bi exemptions, or the actual team salary after the draft selections, I don't know what the actual total of the salary + MLE +Bi will be. But, if the total were to be less than the salary cap, renouncing the TPE might lose us all the exemptions also.
Of course, we would have to renounce all of our expiring contract, else their cap holds would make the topic a mute point. If we were to resign any players, the available cap space would be less than the MLE, so there would be no need to renounce anything. It all depends on whether the Maloofs want to go over or stay under the salary cap.