Looks to me like the Blazers will start the summer ~$20M over the LT. Plus rookie scale for the draft picks.
NO can cut Ezeli, Connaughton, and Quarterman and save about $11.5M. I think that's a given that these will be cuts made.
They need to cut another $9M to get to $500K under, like this season. Ed Davis is $6.4M, and I think someone would take him for a 2nd, gladly.
One of Turner, Crabbe, Leonard, Harkless, or Aminu has to go, even shedding Davis' deal.
Or shedding one of Crabbe, Leonard or Mo basically gets us under the LT and we can keep Davis.
We could trade Crabbe or ET for a player with a ~$8M salary and be under the LT.
If we trade Crabbe for just cap space, we'll waste ~$8M in salary room, minus the room exception of $2.9. Stupid move to do that, IMO. There will be a market for Crabbe, that's a slam dunk.
My numbers aren't precise. I could be off by $1M in some of them. I'm not counting on the draft picks to be kept, so factor in their salaries/holds.