Good article by Steve Kyler with insight from salary cap expert, Larry Coon.
• If Orlando doesn’t trade him, Dwight's real choices are:
(A) Re-sign with Orlando to get an extra $855K per year and insurance for that fifth year; or
(B) Sign with the team of his choice for $855K less per year, and wait 3 years for the opportunity to lock in the salary for year 5.
• The only time a sign-and-trade is needed is if Dwight wants to go to a team that doesn’t have the cap room to offer him the contract he wants. For instance, if he wants to go to the Lakers this summer, the only way he can get there is by signing for the mid-level, or through a sign-and-trade....But we already know that two of Dwight’s preferred teams will have cap room. In other words, THERE IS NO BLUFF to call."
• "The moral of this story is that not every team understands how things work, and it’s becoming clear that the Orlando Magic may not have as firm a grasp on their situation as they believe.
Either that or they are deliberately putting out false information which wouldn’t be a stretch either."