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Nope... cap holds for 1st round picks (last year and this year) plus roster spot holds of $815k per spot under 12 spots.
They need to clear around 2.5 and it's tricky unless they trade Bradley, Crowder or Smart. They could trade Rozier, Mickey, Jackson, and get one of the first rounders to wait (again I don't think they have to... I think they could both say no... we want to come over now so renounce us or offer us). they can obviously do that, but they still have some gymnastics to do.