Terry waiver leaves Philadelphia $2.01M below first apron

Veteran exception is worth $2,449,421

Wire Report IntelligenceUpdated Jul 271 min read

In a corresponding move, Philadelphia waived Dalen Terry to clear salary below the first apron hard cap to sign James. Via @BobbyMarks42 on X

What happened: Philadelphia waived Dalen Terry to accommodate the James signing under the first-apron hard cap. Kentavious Caldwell-Pope is excluded from the current calculation.

Why it matters: The cushion keeps the completed signing within NBA payroll rules. Caldwell-Pope’s addition requires further cap accounting before Philadelphia finalizes its roster.

By the numbers: Philadelphia has $2,012,784 in apron room. The $2,449,421 veteran exception is $436,637 larger than that cushion.

What to watch: The updated payroll after Caldwell-Pope is added will determine Philadelphia’s remaining flexibility.

Sources

@BobbyMarks42 2026-07-27T07:17:35.223601+00:00

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Terry waiver leaves Philadelphia $2.01M below first apron

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