Maybe. It may not be imperative to cut salary at the deadline though
next season's tax line will likely be in around 180M; maybe 185M. Right now the Blazers have about 170M guaranteed for 13 players. But two of those salaries are Thybulle's player option of 11.6M and Reath's non-guaranteed 2.2M
now I suppose the prevailing wisdom would be that a player like Thybulle won't walk away from 11.6M. But I'm not convinced he wants to be in Portland; my hunch is he'd like out and may trade a 1 year payday for a multi-year payday with a playoff team. If he does opt out then the Blazers could be 25M under the tax line, or more. So, even with the salary of their 1st round pick and a Banton salary of 6-9M, they won't be nearing the tax line. It will be tighter if Thybulle picks up his option though