ok my guess of the numbers is this, cav's have the MLE left minus what they signed jackson for which was 450k, they have around 5.2 million left. cos of the date, say joe smith signs on feb 25, ~45 days past jan 10, the value of the MLE would be reduced by 45/180 25%, so the number for this year they could sign him to would be 75% of the 5.2 million which would be ~3.9 million. Now he wouldn't get paid all the 3.9 million because it would be pro rated, so he'll end up with 25/82 * 3.9 = ~1.2 million for this year. However from that year I believe they would be able to offer him 8% raises, each year, of the 3.9 million dollar figure for 5 years, if they wished
On feb 25th, our MLE would be worth around 1.7 million, which he would only get paid i think a prorated portion. Anyways no use thinking about all this, bottom line is that the cavs can offer lots more money than the c's, if they are willing to have him on the books for a while.