What's not getting mentioned is that teams are going to try and write max contracts to take advantage of the increase in the salary cap in future years vs having players opt out in a year and re-signing. All contracts have to be submitted to the league for approval. A few teams are going to get pretty creative and I'm betting the league will reject some of these contracts. When that happens there will be chaos.
They can't get creative its pretty simple sign someone you can offer him a contract with an opt out. If player opts out team has non bird rights and can resign him for 120% After 2 years they gain early bird rights and can offer 175% but 1 year deals with an option are no longer valid After 3 years they gain full bird rights then they can sign the player to the league maximum with 7.5% raises each year. I expect to see some Lebron style deals done this summer or a couple 3 year deals with the 3rd year being a player option. Not sure I see any getting voided unless by obvious tampering.
I read somewhere that agents have already talked to teams about how to write contracts to get take full advantage of the projected increases in the salary cap. Some teams are going to try it and it's going to be interesting to see what the league does.