As someone already pointed out, your using the wrong year's salary in your calculation. Batum/Rudy/Bayless don't go up to much, but the salaries you should be using for Greg and Joel are about 2 million more combined. The 2.5 in cap holds is for the roster spot cap holds, they're equivalent to the rookie minimum, and you incur 1 such penalty for every roster spot you have open under the minimum 12 player roster, so 5 open spots at ~500k. That all comes out to about 47.5 million, and I personally think the cap could end up anywhere from 57-60 million next offseason.
And as I said that's the bare minimum if we renounce all our overseas players and drafted players for the next 2 drafts, so it's not just Webster/Trav/Blake/Sergio we're loosing here all of which I would freely give up to get our hands on a big upgrade at the 1 or the 3, but also all our potential picks.
Then comes the actual list of free agents that offseason, which while impressive, seems limited in it's selection of what i would consider upgrades worthy of such sacrifice. The only UFA point guard possibly worth the sacrifice is Tony Parker (every other promising player at the point is an RFA). And outside of Lebron the only UFA small forward upgrades which seem worth it now, Butler and Prince imo, will both be 30 by next offseason.
Personally I think it's better for the team to look to use what cap we have(or can free up by renouncing Kop/Freeland and maybe Trav/Blake) on a player like Sessions, as well as trading some of the assets we have to move up in the draft for a guy like Blair. We can likely hold onto at least Webster and probably Blake as well (although it we sign sessions I'd still like to see Bayless be the backup).
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