Right now, we've got 11 players under contract (along with Demetrius Jackson's dead money) for $173,274,420.
Nine of those contracts are guaranteed: KP, Tatum, Brown, Brogdon, White, Timelord, Horford, Pritchard, Hauser
Two are non-guaranteed / partially guaranteed: Champagnie, Kornet
The luxury tax is projected to be around $165,000,000. The second apron is around $182,500,000.
That leaves us only $9,225,580 if we want to stay below the second apron. Note: if we exceed the second apron, we lose the $5.0 million Taxpayer MLE.
Grant's qualifying offer is $8,486,620. Davidson and Kabengele both have qualifying offers of $1,801,491.
We need to have 14 guys on the roster; for each empty spot below that number there is a "roster charge" of slightly more than $1 million.
That all leaves us in a tight spot: If we just sign Davidson, use Kabengele's rough salary for Walsh (no idea how much the second round exception will be), and use the $5 million MLE, we'd only have roughly $600k under the second apron, and we'd be hard-capped. There's a bit of flexibility: we can dump Champagnie and replace him with a real player, and there are cost savings from replacing Kornet with a vet minimum guy. But still, total flexibility will be around just over $1 million, with only 14 roster spots.
On the other hand, if we don't use the MLE, we'd be allowed to exceed the second apron without a hard cap concern, and could potentially retain Grant while adding vet minimum players.
For the cap experts -- particularly the new cap experts -- does that look right?
As a practical matter, to maintain max flexibility, it may make sense to extend Grant the qualifying offer and forego the MLE.