Handlogten's Heros
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Could be, but you are paying you point guard 40 million dollars, about a third of your cap, and you really have nothing else that can be parlayed to anything of value. In fact, you have a pot full of negative assets. Additionally, you will just be good enough to come in at the hind end of the lottery, but never good enough to actually make the playoffs, even in the east.
A rebuild done the right way can take 3 or 4 years, if you are lucky. Charlotte would be years away from even starting the process.
Now imagine being in this situation with no draft picks. . .
That $6M might mean an additional 12-18M in tax so it is significant. They are in bad situation... should have moved Kemba a year and a half ago. Now it's burn assets to make budget or let the best player they have had walk for nothing because of money.
They could re-sign him and hope to do the Blake Griffin flip... but that is risky.