I believe with keeping UPS and offering TT, we will be at about 66 million. Resigning felton would certainly put us in luxury tax land. The good thing is we would have until the end of the season to get it figured out
One option would be to find a team with cap space, and trade a large expiring contract for a longer, smaller per year deal. For example, chandler to sacramento for nocioni. We can do this since sac is under the cap. Would give sacramento a ton of space a year from now, they move nocioni who wants out(gonna be hard to move a guy making that kind of money), and they get a servicable, motivated big in a contract year. We would save 5.75 million this year, which would get us really really close to the luxury tax line with felton resigned, only slight adjustments to get there. We have a lot of centers, so i think we would be ok, especially if we play diaw at center with TT at the 4. Yes we take on more money long term(nocioni is guaranteed through 2012, with a team option for '12-'13), but we would get mohammad coming off in a year so we wont be in too bad shape.