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Can The Ainges Resist Zion?

Pretty New Orleans is the worst team in the NBA when it comes to financial investment in infrastructure/coaches. Utah is probably top 10 at least. I think you have to make that bet
 
Can someone please summarize how his contract works again? When is the guarantee date each year any how much gets guaranteed? Assuming the date hasn't happened yet, why wouldn't NOP just cut him?
 
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