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As soon as the surprise news of Davis' opt-out hit, the Warriors quickly burned the phone lines to offer Gilbert Arenas a max deal of 5 years / $101 million. However, it appears as though Arenas will stay in Washington with the Wizards who have raised the stakes by offering him 6 years / $124 million. Warriors are left with approximately $15 million in cap space once they renounce the rights to all of their free agents except Biedrins and Ellis.
The Warriors should be working overtime to get a good deal done for Biedrins because his cap hold currently stands at $10.8 million. Once they get a reasonable deal starting at around $7.5 to $8 million, that will further increase the Warriors capspace. Monta Ellis' cap hold is only $1 million, so his deal can be settled after a top Free Agent is signed.
The Question is......WHO WILL BE THE TARGET FOR THIS NEW FOUND CAP SPACE?
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