Here is our cap situation. Note I took this from Blazer50 on the RealGM forums, but its a good measurement of what we have available:
Thus the Blazers will have around $25.5 million if you keep Harkless, Crabbe, and Leonard's cap hold, but renounce Hendo.
Here is what a Max contract for a 9-year vet (ie. Horford) would look like, courtesy of myajc.com:
http://www.myajc.com/news/sports/ba...-set-to-be-free-agent-what-a-max-contr/nrKkp/
So the Blazers would be short about 400k. We can get that 400k by waiving one of Alexander or Montero. Varejao's stretch hit in this scenario hurts because his salary is what is causing us to have to waive a player, but I have to imagine Olshey went for it because if we have to waive one of the rookies it is akin to getting a 1st round pick for them (and who wouldn't do that?).
Releasing one of Meyers or Harkless would give us ~ 7 million in additional cap room (7.6 for Meyers and 7.2 for Harkless). That would give us the option of offering a max contract to a 10+ year vet like Howard or using that additional 7 million on another player.
Neil has a lot of flexibility to work with. I imagine we offer the QO to all our RFAs and if we need the money to sign someone else we can always rescind it later.
EDIT: Also something very important to point out. It is
definitely no coincidence that we are operating with
just enough cap room to offer a 7-10 year MAX. If you aren't impressed by Olshey's and co.'s cap management skills before you should be now. Even the little things like Aminu's and Davis's declining contracts are what is helping us get to the magic number. It's little saavy moves like this that makes you understand that management has organizational foresight. We are really in great hands with Olshey and I am so ecstatic that we have organizational stability after years of shoddy management.