Not here to burst any bubbles, but I asked Alex Laugan at BSotS about the claim that you can go over the cap to sign Gordon using Bird rights. He tweeted Larry Coon, who replied that once you start the summer below the cap, you can only use the "room" exception that year - all other exceptions go away. In addition, you must maintain the full amount of the RFA contract (13.7 mil) at all times from the time the offer sheet is received until it is matched.
Talked to Larry Coon. I asked if the Hornets can use Bird rights to sign Gordon provided we maintain his cap hold and we don't remounce him no matter if we go under the cap to whatever degree or gow much space we use before. He said we can in fact use his Bird rights to do this in this case. This is the case we are in. Compare this question and answer to the tweet and look for which is more open to innocent misinterpretation by either party.
I read the email myself and can verify that Coon did agree with Jason. Q and A's on Twitter are so difficult. Luckily, we have the man on speed dial!!
Read the tweet. That's not the exact phrasing and is some interpretation. Coon also tweeted that you can tradr back to the offering team after a year. The CBA FAQ says the opposite. So, if the FAQ is wrong (it has been), then we are wrong. I'm 100% ok with that. All of our has been clearly stated to be based on it. Coon has been wrong in tweets before, and unclear. Also, read this and draw your conclusion: http://www.cbafaq.com/salarycap.htm#Q38 The FAQ says you lose Mid-Level, Bi-Annual, and trade exceptions. Note: we are maintaining Gordon's cap hold. If we sign over $6m in salary then sign Gordon, we are right. If something else happens, we don't know since it could be choice or the market driving the lack of signing.