Update on the Blazers CAP situation -
Here are the Blazer salaries for 2016:
Damian Lillard $4,236,287
Nicolas Batum $12,235,750
Meyers Leonard $3,075,880
CJ McCollum $2,525,160
Steve Blake $2,170,465 (Opted In)
Allen Crabbe $947,276
Chris Kaman $5,016,000 (team option, $1M guaranteed)
Mid Level Exception $5,465,000 (CAP Hold)
Draft Choice #23 $1,112,900 (CAP Hold)
12-man roster minimum CAP Hold, $525,093
12-man roster minimum CAP Hold, $525,093
LaMarcus Aldridge $20,130,000 (CAP Hold)
Assuming (big assumption) that LaMarcus re-signs, and the CAP is $67.1M,
that gives the Blazers $9,136,096 of CAP space.
To get that CAP space, the Blazers would have to renounce the rights to:
Wesley Matthews $10,868,460 (CAP Hold)
Robin Lopez $9.187,092 (CAP Hold)
Dorell Wright $4,075,500 (CAP Hold)
Joel Freeland $3,766,890 (CAP Hold - Qualifying Offer)
Alonzo Gee $947,276 (CAP Hold)
Tim Frazier $845,069 (CAP Hold)
Aaron Afflalo $11,625,000 (CAP Hold - Bird Rights)
If the Blazers don't pick up the option on Kaman, (and assuming they renounce the rights to the players above) they would be below the 12-man roster minimum (and therefor require the 12-man roster minimum CAP hold) and also still owe Kaman $1M.
That would give the Blazers $12,627,003 of CAP space.
A CAP hold is removed if the free agent signs with another team, or the Blazers renounce their rights. The Blazers could wait until the moment before they sign a free agent to renounce the rights to a player.