Nope you are right, that is probably correct. I remember that I was arguing for the lower figure, so that makes sense.
If the Spurs bring in Scola (something not clear yet), they will probably still have around 2M from the rest of the MLE + 1.8M from the LLE, so they could potentially bring 2 additional decent players if they want to do it.
Assuming they resign Horry and Devin, they don't trade Rasho, we would have a roster like:
PG Tony Parker, Beno Udrih, LLE backup PG
SG Manu Ginobili, Brent Barry
SF Bruce Bowen, Devin Brown, 2M long SF
PF Tim Duncan, Robert Horry, Luis Scola
C Nazr Mohammed, Rasho Nesterovic
That's 13 players + 2 min contracts for IR fodder to carry a total of 15 players. Not bad.
Call me nutz, but under this scenario I wouldn't mind having Alan Houston once he is cut from the Knicks. You can never have enough 3-pt threats. Manu, Bruce, and Devin could hold the fort defensively at 2-3 and the Spurs could have Barry and Houston as offensive specialists. If Big Dog could play some defense, so could Alan Houston. Another choice would be to sign a long defensive minded SF project to replace Bruce Bowen.

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