They'd be down to about $40 million in salary commitments. Good enough flexibility to add some major pieces.
Not sure the talent is there in free agency for them though. They need a shooter/scorer on the wing and/or a starting PF. Is there enough talent at those positions for it to be worthwhile to dump Brand?
Update: Looking at the FA list, I don't see anything for them. MLE talent. It would need to be a trade. Oh wait, maybe Eric Gordon.