ok Roy, if you don't mind being the human cap machine, I'd like to run this scenario through your mainframe
we accept a deal with Washington to trade Ray for a pick and expiring contracts
we deal Rondo to Sactown for the 4 pick and one of their stud big men
Paul opts out of his contract and agrees to sign some kind of extension
we sign free agents to only 1 year deals to compete this year
does that do it?
In terms of the Sacramento deal, the salary of Thompson + the #4 pick would be almost the same as that of Rondo's cap hold.
Regarding the Washington deal, we'd be better off renouncing Ray than adding a draft pick, because that pick will bring back a salary.
We could do it, but Pierce would have to sign a very, very small extension (even without the Washington draft pick, probably $6 million or less) and every other player on the team would have to be at a minimum-salary.
if not, give us a reasonable option on how it works
I'm thinking out loud here, but there could be a possibility where we immediately signed Paul and Ray to bargain contracts, let's say $2 million each for one year. We'd then have enough room to sign a max free agent, and we'd still have Perk and KG on the roster (and would hold Rondo's rights).
Here's where it becomes brilliant (but expensive): since Ray and Pierce were never renounced, we'd still have their Bird rights. We could then give each of them a huge bump the following season (up to around as much as $17 million each, if we were so inclined). This would be massively expensive, but it's the only realistic way I can think of to build a good team and still sign a max free agent. Even then, we'd have to fill out the roster with minimum-salary players.
Also, we'd have to make darn sure we made no solid commitments to Pierce and Ray, because the league would almost certainly see this as an attempt to circumvent the salary cap.