For one year only pretty much. Salary room is just going to be too available for absorbing salary to fetch much on the market.
Eventually it will normalize and the value will return.
And so will the awful contracts. Tough to gauge value & overpays right now but within a couple of years, we'll be back to some pretty awful albatross contracts. Nature of the beast in the NBA.
Well since we can't have the 7 year deals anymore expirings will never become as valuable as they once were.
4/5 year deals really changed how the league operates.
Well, that will diminish the "trade draft picks for salary cap relief" usage of expiring contracts. I.E., buy a draft pick by swapping an expiring contract for someone else's bad (or simply bigger) contract. It doesn't completely eliminate it.
And it hasn't changed their value as matching salary in trades for players that you actually want. Arguably, with larger salaries erupting under the blooming cap, in order to match those big new contracts, one is going to need larger 'ballast' contracts on hand.