Originally Posted by bagelred
Let's follow the logic:
$56.1 - $51 = $5.1 million of cap space. Because the Spurs are now under the cap, you get NO MID LEVEL EXCEPTION.
The MLE for 2010 is about $5.8 million?
So actually, now the Spurs have LESS money to spend if Jefferson stayed. See how that works?
Actually, the Spurs can renounce their newfound cap space and get the MLE if it is more convenient, which in this case it would be.