Do you plan on bringing Gay back? If so, under your scenario, you would go into the trade with about $115mm of salary once you renounce Pondexter/Cunningham/Montiejunas. Remove all three guys for $26mm and you’re at $90mm or so. That’s gives you space of $19mm give or take. Probably a bit less with incomplete roster charges.
You lose the MLE. That assumes a team takes back them without salary back.
I could see it being attractive, but who would you target? You’d lose a ton of shooting overnight. I can see two of those guys being moved but not all threez
If you renounced Gay too, you’re looking at huge cap space.