Primetime
Active Member
About what I figured - i.e. no cap space UNLESS we renounce rights to Kanter and Booker. Do you know the timeline for offering and rescinding qualifying offers? I would assume since contracts can't be signed until July 10th and teams start talking to FA's on July 1st, that gives Utah a window to see if any top-tier FA's would agree to a contract. If one did, then the QO to Kanter can be withdrawn. They could also renounce Booker and then turn around and use the MLE to sign him to a longer-term deal.
From Larry Coons https://www.cbafaq.com/salarycap.htm#Q44 :
"In order to make their free agent a restricted free agent, a team must submit a qualifying offer to the player between the day following the last game of the NBA Finals and June 30."
"A qualifying offer automatically expires on October 1, unless it is extended by the team (which is rarely done). A qualifying offer cannot be extended past March 1. If the deadline passes and the qualifying offer is neither withdrawn nor accepted, the player continues to be a restricted free agent. The team and player are free to negotiate a new contract after the qualifying offer expires -- the deadline only affects the player's ability to accept his qualifying offer."
"To summarize, a restricted free agent essentially has five options:
- He can accept his prior team's qualifying offer, play for one season, and become a free agent again the following summer.
- He can accept his prior team's maximum qualifying offer (if applicable, and if one has been submitted) and play under a long-term contract at the maximum salary.
- He can negotiate a new contract with his prior team that is independent of the qualifying offer or maximum qualifying offer.
- He can sign an offer sheet with another team through March 1, which his prior team is given the opportunity to match.
- If he doesn't sign a qualifying offer, a contract, or an offer sheet for one year, his prior team can submit a new qualifying offer (or maximum qualifying offer), and the player becomes a restricted free agent again the following offseason."