That's a completely cockamamie figure. Until we move Gordon we don't have much room to operate. If you cut everyone but the Finishing 5 and Rivers you have $55.6 million in salary and roster holds.
Yep, that figure is off by better than $40M.
New Orleans Pelicans (They can try to $6.6 million under the cap, but that’s not much more than the $5.3 million Mid-Level Exception, which they’d need to renounce to get under.) Read more at http://www.basketballinsiders.com/full-2014-15-nba-cap-space-projections/#AptM3fw0RkkkEyVk.99
ETA: Just went back and reread the article in the OP. The OP misstated the facts. The articles says that New Orleans has $47M committed to contracts for 2014-2015.
This post was edited on 5/10 at 8:18 am