I'll try to type slowly, please try to keep up:
....First, any decrease in value of cap space will be completely transient. It will vanish as soon as the new contracts suck up the space. Watch the overall % of cap space consumes year over year, it will drop very little.
....Second, your thesis seems to be that cap space has little value because each team will have a lot more cap space. Logically, then, only an idiot GM would try to clear cap space, facts to the contrary (e.g., Phil Jackson).
....Third, teams that are currently over the cap may not necessarily have space to sign a max player, further weakening your argument.
....Fourth, you seem to be assuming that teams that do acquire the ability to sign a max player from the higher cap, have no desire to sign other players.
....Fifth, very disingenuous how you tried to change the subject by comparing the relative value of cap space for the Knicks versus the Jazz. It was, by the way, a beautiful way to undermine your thesis that cap space has little value.
Good day to you.
