With the following moves prosumably complete by July 11th
KG 3 yrs 34 mill
Terry 3 yrs 15mill (5mill exeption)
J Green

? im assuming at least 7 mill per year
and
Stiemsma 1yr 1.2mill qualifying offer*
Ray 2yr 6mill (not sure he excepts)*
the 2012-2013 Celtics currently look as follows
PG Rondo
SG AB, Ray*,Terry, Moore
SF Pierce, J Green, Joseph
PF Sullinger, JJJ, S Williams
C KG, Steimsma*, Melo
With the original 26 million free space and the 5mill exception for not going over that 26 mill the Cs cap room is is filled. That is if Steimsma takes the qualifying offer and ray comes back for the 6mill offer.
I will be surprised if Moore, Joseph and Williams all make the team. My guess is that either Williams or Joseph will be the odd man out, leaving the Cs with two roster spots. This is where Danny can really have to earn his keep by plugging in usable vets at the minimum into the last two spots. I expect him to try first to get Pietrus and Wilcox to come back cheap. Other options may be Rashard Lewis, Brendon Haywood (if amnestied) or E Brand (if amnestied)
If cheap vets cant be found then this leaves the Cs with a strange roster. Alot will be riding on the shoulders of Green and Sulligner. They will both have to produce this season at the PF spot.
If Ray declines then I would expect Bass to be sign and traded or brought back for the 6 mill offered to Ray.
Assuming Rays back the likely rotation. (after AB is back from injury)
PG Rondo 38 min, Terry 10 min
SG AB 25 min , Ray 10 min, Terry 13min
SF PP 28 min, Green 8min, Ray 12 min
PF Green 28 min, Sullinger 15 min, JJJ 5min
C KG 29 min, Steimsma 15min, Sullinger 4min
this will once again be a poor rebounding team (though I think Sully will surprise some). However this team will excel in offensive execution and knocking down jump shots. The added depth compared to last season should make for a tough playoff team(especially if a usable vet big can be added cheap).