Right now, we have the following players under contract:
Tatum
Brown
Brogdon
Smart
White
Williams III
Horford
Gallinari
Pritchard
Muscula
Kornet
Champagnie
Hauser
Those salaries, plus the dead cap hit of Demetrius Jackson, total $166,144,883. That's only $4,144,883 above the tax.
If we waive Kornet and Champagnie, that saves roughly $4 million (I'm not sure how much of Kornet's guaranteed amount is).
So, with the following roster, we'd be at right about the tax line:
Tatum
Brown
Brogdon
Smart
White
Williams III
Horford
Gallinari
Pritchard
Muscula
Kornet
Champagnie
Hauser
We'd be approximately $16.5 million below the "second apron", with 11 players under contract. We'd need to fill out at least three spots. And, if we trade Pritchard, we'd save another $4 million, and would have $20.5 million below the second apron to fill out four spots.
(Note: this is largely theoretical, because most, if not all, of the penalties regarding the second apron don't come into affect yet.)
Now, all that said, what we do with Grant Williams will decide whether we're comfortably below the second apron, or if we're close to it. If Grant plays for his $8.5 qualifying offer, we're golden. If he receives closer to his cap hold -- $12.9 million -- it's a finer shave.
Personally, I think the team might be better off trading Grant if he won't play for the QO (which he likely wouldn't). We'd then have plenty of room to use the Taxpayer MLE to add somebody to the rotation.
Who do you see us getting in return for Grant that would be better than keeping him (after adding a taxpayer-MLE player)? We would have to sign-and-trade him (which would hard cap the team acquiring him), and how many teams 1. want to pay him significantly more than us, 2. don't have the cap space to sign him outright, and 3. want to give up a useful player to bring him in?
I think we can all agree that Grant is more useful than anyone we could sign with the taxpayer MLE. And others might not agree, but I think it would take more than 2 mini-MLE level players to offset Grant. Can we get back a player above the level of the mini-MLE in a Grant sign-and-trade?
In the future, if the team is worried about chunk salaries harming our financial flexibility, Grant would seem to be a guy who is replaceable.
Personally, I'm fine with the backup PF being Muscula and/or Gallo. I'd be inclined to move him for an expiring contract / TPE and a #2. Or, if he didn't take the QO and there was no S&T in place, I'd let him walk unless he was signed to a bargain contract.
Between Muscula, Gallo and a TMLE guy, I think we can more than adequately replace Williams.
That prevents us from filling the hole at wing, though. Unless he gets a super high contract, I'd rather see us re-sign him and use the mini-MLE on a backup wing (which we've needed for a long time). As long as Grant's salary isn't ridiculous, we'd be able to use him as a tradable asset for him later. He might not be worth a first, but a second+a TPE would be an awful return
Let's say Grant gets $12m per year. Spotrac has the TMLE at $5 million, so maybe that's accurate; last year it was $6.479 million.
Combining those puts us along with filling out the rest of the roster probably puts us above the Second Apron. I'm not sure if it's completely clear how we'd be affected in 2023, but one concept is a repeater penalty. So, even if this is a phase in year, there could be consequences.
But more importantly, Grant is just a redundancy, and I don't think it's a given that his contract will be easily tradeable going forward, particularly if he stays stagnant again. Per possession, he declined both offensively and defensively from last year, and lost his role in the rotation for awhile. His most memorable moments from the season are getting curb-stomped by Embiid and jawing with Jimmy Butler.
If he has another slight decline or remains the same, what team in 2024 is going to want to take on an undersized tweener with relatively low production who runs his mouth a lot?
If people are worried about future CBA complications now, our options are trade Grant, let him walk, or sign him to a bargain contract. Anything close to the discussed "market value" is too dangerous, as it will require harsher changes going forward.