re: Do we have cap room left and who do we target?

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I very easily may be wrong, but since it's all in the moratorium period nothing is official, so the cap holds are still there.

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You're right, nothing counts until it's in writing, see DeAndre Jordan to the Mavs/Clips several years ago.

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I believe you can structure the moves to be in any order you want so the exceptions go first, and then the cap holds go away for when Rondo and Boogie sign elsewhere--or whatever order it takes to make it work.

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Right, the key is that you have to renounce certain exceptions and cap holds in order to use cap space. Once you use cap space that limits what exceptions you have access to because you renounced them to get to your cap space.

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We are technically under the cap. I think we are going to have a trade before July 6 where we take back salary so we end up over the cap and then use MLE on Randle and BAE on Elf.

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I think the simple act of using the MLE rather than cap space is all you need. I don't think they need to take on a trade and go over the cap first, although trading 2nds for a serviceable PG into an existing trade exception would make sense if they don't have the assets to get a Kemba.

Next year is where it gets interesting though. If they don't trade for anyone on a long term deal they can basically get the roster down to AD/Jrue by dumping Solo/Moore. You'd have about $50 million in cap space and a lot of the guys we've been talking about trading for the past few years like Kawhi, Kemba, Butler, and Middleton on the market.