TomAmnot wrote:
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The team making the offer must have enough salary cap room for the offer sheet and must maintain that room until the offer sheet becomes official or the original team exercises the right of first refusal. The original team cannot match an offer greater than its salary cap room. That original team must have room for both the regular salary and any unlikely bonuses the offer sheet includes.
If the offer sheet is unreasonable (say offering Gary Trent Jr. $20M/year), then the Raptors would take the maximum 48h (during which that $20M isn't available to the offering team to sign other free agents) before declining to match the offer - thus crippling that team in cap space for paying a rotation player superstar money.
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