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Message: [QUOTE="Knicks411, post: 2212058, member: 767"] Iggy and Livingston (and other FA, not just them) have cap holds that apply to the team's salary cap, unless you renounce their rights. It's usually a percentage of their most recent season salary. Basically what it does is prevent a team from using cap space to sign FA from another team, and then using their bird rights to keep their own FA. So for instance, Iggy might have a cap hold of $5 million or whatever; if thg\ee Warriors want to re-sign him using bird rights, they have to keep that cap hold on their books, meaning he counts as $5 million against their salary cap even as he is a FA. If they renounce him, the cap hold comes off, but they can't use bird rights to keep him, and they'd need to use cap space, of which they'd have none. [/QUOTE]